Recently the China Securities Regulatory Commission has approved the public Issuance of corporate bonds by Contemporary Amperex Technology Co., Limited ("CATL"). The total amount of fund raised will be no more than RMB 10,000,000,000, of which the first issue is no more than RMB 2,000,000,000. On 24 October 2019, CATL conducted an offline inquiry to institutional investors on the corporate bonds' coupon rate of the first issue, and finally determined to issue five-year bond (with the issuer's option to adjust the coupon rate at the end of the third year and the investor's option to sell back), with a coupon rate of 3.68%, a new low since December 2016.
CATL is the world's leading supplier of EV battery systems and one of the first "smart manufacturing benchmarking enterprises" in China. CATL has successfully engaged in the long-term strategic cooperation with many well-known car manufacturers in China, including SAIC, Geely Group, Yutong Group, Beiqi Group, Guangzhou Automobile Group, Dongfeng Group and so on. CATL has also been the supplier of the international first-class vehicle enterprises, including BMW, Daimler, Hyundai, JLR, PSA, Volkswagen, Volvo and so on.
As the issuer's lawyer, Llinks provided professional legal services for the issue of corporate bonds by CALT.
