Yankuang Energy Secures RMB2.50 Billion Through Second 2026 Medium-Term Note Issuance

Bulletin Express
Aug 14

Yankuang Energy Group Company Limited completed the issuance of its 2026 second tranche of medium-term notes (M&A) on 12 August 2026, raising a total of RMB2.50 billion. Proceeds were received on 13 August 2026, following registration approval granted on 20 June 2025 (ZhongShiXieZhu〔2025〕No. TDFI23).

The deal was split into two portions:

• Tranche I (26 Yankuang Energy MTN002A) raised RMB1.20 billion. The notes carry a 3 + N-year tenor with the first coupon reset on 13 August 2029 and an initial coupon of 1.75%.

• Tranche II (26 Yankuang Energy MTN002B) raised RMB1.30 billion. The notes have a 5 + N-year tenor with the first coupon reset on 13 August 2031 and an initial coupon of 1.95%.

Both tranches were issued at par (RMB100 per unit). China Merchants Bank acted as bookrunner and lead underwriter, while Industrial Bank and Bank of China served as joint-lead underwriters.

Relevant documentation for the issuance is available on the Chinamoney and Shanghai Clearing House websites.

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