Geely Automobile Holdings Ltd (00175) has announced the issuance of medium-term notes with a total principal amount of 1.5 billion yuan in the interbank bond market of the People's Republic of China. The notes are designated as "Geely Automobile Holdings Limited 2026 Second Tranche Medium-Term Notes."

The notes have a term of two years, with the company holding the right to adjust the coupon rate at the end of the first year of the tenor, and investors have the option to sell back the notes. Unless terminated early according to the terms or investors exercise their put option, the notes are scheduled to mature on August 13, 2028.

The fixed annual interest rate for the first year of the notes' tenor is set at 1.52%, determined through centralized book-building. The company retains the right to adjust the coupon rate at the end of the first interest-bearing year, and the adjusted rate will remain fixed for the second interest-bearing year.