Buildings in Optics Valley of China [Photo provided to chinadaily.com.cn]

Optics Valley Financial Holding Group recently issued the 2021 non-public technological innovation corporate bonds (phase 1) on the Shenzhen Stock Exchange, with a scale of 410 million yuan ($62.81 million). It is the first sci-tech innovation corporate bond in Hubei province.

The group is located in East Lake High-tech Development Zone, also known as Optics Valley of China, in Wuhan, the capital city of Central China's Hubei province.

Funds raised through the issuance of bonds will be mainly used to support the development of emerging industry projects, focusing on core cutting-edge science and innovation fields such as optical electronics, integrated circuits, biomedicine and artificial intelligence.

The funds will also help tackle difficulties and promote innovation and upgrading of the real economy.

The bonds' issuance period is 3+2 years, and the coupon rate is 4.88 percent. The lead underwriters are Shenwan Hongyuan Securities, China Development Bank Securities, CITIC Securities and Changjiang Securities.

Night view of Optics Valley Square [Photo provided to chinadaily.com.cn]