Public Transport: plans to issue corporate bonds not exceeding 3 billion yuan.

Sina Finance reported on March 30th, Volkswagen announced that the company plans to publicly issue corporate bonds to professional investors with a total amount not exceeding 3 billion yuan. The face value of the bonds is 100 yuan, with a maturity of no more than 7 years. The proceeds from this bond issuance are intended for meeting the company's operational needs, adjusting the debt structure, repaying debts, and supplementing working capital. The bond issuance method is public offering, which may be issued at once or in installments. The specific plan will be decided by the board of directors or their authorized persons based on market conditions authorized by the shareholder meeting.