On May 20, CNBM Ltd. successfully issued 2 billion yuan of renewable corporate bonds, of which Variety 1 was issued with a size of 1 billion yuan, a maturity of 2+N years and a coupon rate of 3.33%, and Variety 2 was issued with a size of 1 billion yuan, a maturity of 3+N years and a coupon rate of 3.52%. Based on the full recognition of the company's strategy, business performance and future development, investors enthusiastically made subscriptions, and the average multiple exceeded 5. The rate of this issue of renewable corporate bonds hit a new low among all varieties of perpetual bonds of the same maturity in the whole market since 2021 and among the company’s perpetual bonds of the same maturity.