New Issue Commentary — Yibin Development Holding Group Co., Ltd.

Dealer commentary on this issuer’s latest new issue, summarised.

Yibin Development Holding Group Co., Ltd. launched a single 5year Regulation S CNH senior unsecured fixedrate bond, with a CNH 680 million launch size and a 2.10% launch yield. Initial price guidance of 2.80% area was tightened to a final price guidance of 2.10%, and the books exceeded CNY 2.4bn, including CNY 600mn of JLM interest and CNY 486mn of additional proprietary orders. The deal settles on 12 November 2026 (T+5), and freetotrade was set for 08:30 HKT on 6 November 2026. The book headline is quoted in CNY while the bond is denominated in CNH, and the emails do not state a coupon or maturity date.