On September 15, 2026, Fuyao Glass (03606.HK) issued its fourth tranche of ultra-short-term commercial paper for the 2026 fiscal year, designated as "26 Fuyao Glass SCP004," through the national interbank bond market. The total issuance amounted to RMB 650 million with a term of 268 days, carrying an issue rate of 1.44%.

The notes commence accruing interest on September 16, 2026, and will be redeemed in full at maturity with a single principal-plus-interest payment. Proceeds from the issuance are designated primarily to repay financial institution borrowings of the company and its subsidiaries.

Industrial Bank served as the lead underwriter and bookrunner, with China CITIC Bank acting as the co-lead underwriter for this issuance. Previously, on April 17, 2025, the company's shareholders' meeting approved the proposal to issue ultra-short-term commercial paper, authorizing a total registered amount of up to RMB 2 billion. The registration was subsequently accepted by the National Association of Financial Market Institutional Investors on March 13, 2026, with a validity period of two years from the date of the notice, allowing for issuance in multiple tranches.