【Geely 175】Geely Automobile issues 2 billion RMB medium-term notes to supplement Geely Motors' working capital

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Geely Automobile (00175)
On Sunday (the 10th), it announced the issuance of RMB 2 billion medium-term notes due May 9, 2028.
All proceeds will be invested domestically in China to supplement the liquidity of its subsidiary Zhejiang Geely Automobile.

Geely states that the fixed annual interest rate for the first year of this medium-term note during its term is 1.55%, determined through centralized book-building.
The company has the right to adjust the coupon rate at the end of the first interest accrual year, and the adjusted rate will remain fixed in the second interest accrual year.

Geely Auto Group’s main business is the research and development, manufacturing, marketing, and sales of automobiles and related auto parts in China.
According to Geely’s 2025 annual report, Geely Auto Group’s revenue last year increased by 34% year-on-year to RMB 244.04 billion, with annual profit rising by 98% to RMB 15.62 billion.

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