Geely Auto Issues RMB 2 Billion Two-Year Medium-Term Notes

Geely Automobile has issued RMB 2 billion in medium-term notes in China's interbank bond market. The notes are titled "Geely Automobile Holdings Limited 2026 First Series Medium-Term Notes." The notes have a two-year term and will mature on May 9, 2028, unless terminated early pursuant to their terms or unless investors exercise their put option. At the end of the first year of the notes' term, the company has the right to adjust the coupon rate, and investors have the right to elect to put the notes back to the issuer.