GAC Group (601238.SH) plans to issue debt financing instruments not exceeding 15 billion yuan.

Zhitong Finance APP news, GAC Group (601238.SH) announced that in order to further widen financing channels, optimize debt structure, effectively reduce financing costs, and meet the capital needs of the company's production and operation, the company intends to apply to the National Association of Financial Market Institutional Investors for a unified registration to issue debt financing instruments (PDFI) with a total principal amount not exceeding 15 billion yuan (including 15 billion yuan). This includes ultra-short-term financing bonds, short-term financing bonds, medium-term notes, and perpetual notes. The funds raised, after deducting issuance costs, are intended for repaying interest-bearing liabilities, replenishing working capital, and equity investments, among other purposes.