The dust has settled: AVIC Financial will repay 15.7 billion yuan of domestic bonds early.

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【Caixin Media】 After experiencing continued valuation volatility in the secondary market, investors in AVIC Industry & Finance have finally received the reassurance they have been eagerly awaiting. On the evening of April 7, multiple debt investors of AVIC Industry & Finance—such as “24 AVICIN06,” “24 AVICIN08,” and others—told Caixin that they have received the relevant resolutions, indicating that AVIC Industry & Finance will repay all outstanding domestic bonds.

In the announcement, AVIC Industry & Finance stated that it plans to make an early repayment of all outstanding publicly issued bonds and debt financing instruments, and to remove them from listing/cancel them in full. The early repayment price will be the bond’s face value plus the accrued interest up to the repayment date. It is understood that AVIC Industry & Finance will hold a bondholders’ meeting on April 14 to vote on the matter.

As of now, AVIC Industry & Finance has 15 outstanding bonds, including 2 MTN notes and 13 corporate bonds traded on exchanges, with annualized interest rates ranging from 2.64% to 3.41%. The total issuance amounts are close to RMB 15.7 billion.

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