Putailai announced that on July 2, 2026, it completed the issuance of the first tranche of ultra-short-term notes for 2026 in the national interbank market. The actual total issuance amount was 600 million yuan, the issuance rate was 1.66 percent, and the term is 270 days. The notes bear interest from July 3, 2026, and mature on March 30, 2027. The company had previously obtained a registration quota of 2 billion yuan for ultra-short-term notes from the National Association of Financial Market Institutional Investors, valid for two years from the date of the notice. This issuance is the first under that quota. The lead underwriter is Industrial Bank, with joint lead underwriters including Bank of Dalian, Shanghai Pudong Development Bank, Bank of Ningbo, Bank of Shanghai, and China Merchants Bank.
Shanghai Putailai New Energy Technology Co.Ltd.Company successfully issued 600 million yuan in ultra-short-term notes at a low rate of 1.66%, improving liquidity and reducing financing costs.