Spring Airlines Plans Public Issuance of Corporate Bonds Not Exceeding 10 Billion Yuan

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Spring Airlines announced that the company plans to publicly issue corporate bonds with a par value of 100 yuan each, issued at par, with total principal not exceeding 10 billion yuan, inclusive of 10 billion yuan. The bonds will have a term of no more than five years, inclusive of five years. After deducting issuance expenses, the proceeds will be used to supplement working capital, repay interest-bearing liabilities, purchase fixed assets, or for other purposes permitted by laws and regulations.

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Spring Airlines Co Ltd
601021
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Plans to issue up to 10 billion yuan in bonds to fund working capital, repay debt, and buy assets; impact depends on use and market reception.