GAC Group Successfully Issues RMB 3 Billion Green Tech Innovation Bond

GAC Group successfully completed the issuance of its fourth tranche of Green Technology Innovation Bonds for 2026 on March 25, 2026, with the full proceeds of RMB 3 billion now received. The bonds have a three-year term, a coupon rate of 1.77%, and both the interest commencement date and issuance date are March 25, 2026, with maturity and repayment scheduled for March 25, 2029. China Construction Bank acted as the lead underwriter for this issuance, with China CITIC Bank and China Minsheng Bank serving as joint lead underwriters. The proceeds will be used to support key projects of GAC Group in the fields of green technology and innovation.