云南铜业获准注册100亿元债务融资工具，优化债务结构助力业务发展

基础金属	铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁
稀有金属	稀土稀土矿稀土氧化物稀土金属钕铁硼稀散金属锑铋铟锗镓硒钽锆贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒
新能源	锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

基础金属

铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁

稀有金属

稀土稀土矿稀土氧化物稀土金属钕铁硼 稀散金属锑铋铟锗镓硒钽锆 贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒

新能源

锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰 锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

云南铜业获准注册100亿元债务融资工具，优化债务结构助力业务发展

2025-06-24 09:35:56 来源：北方有色网责任编辑：韩泽楷

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云南铜业股份有限公司（证券代码：000878）今日发布公告，宣布收到中国银行间市场交易商协会（以下简称“交易商协会”）下发的《接受注册通知书》，获准注册发行总额100亿元的债务融资工具。其中，中期票据注册金额50亿元（注册编号：中市协注〔2025〕MTN555号），短期融资券注册金额50亿元（注册编号：中市协注〔2025〕CP64号）。注册额度自通知书落款之日起2年内有效，公司可分期发行。

核心发行条款与安排

分期发行与备案要求：
- 中期票据与短期融资券均可在2年有效期内分期发行，每期发行前需向交易商协会备案，发行完成后需通过认可渠道披露结果。
- 2025年度计划发行规模不超过40亿元（中期票据短期融资券各不超过20亿元），具体规模将根据资金需求及市场情况动态调整。
资金用途：募集资金将用于补充流动资金置换银行借款调整融资结构项目建设等，以优化债务成本保障生产经营及项目推进。
决策程序：本次融资计划已于2025年3月24日经董事会及监事会审议通过，并于4月15日获股东大会批准。

财务战略与行业背景

债务结构优化：截至2025年一季度，云南铜业净亏损7200万元。此次融资有助于缓解现金流压力，降低综合融资成本，提升偿债能力（如与江西铜业的5亿美元预付款协议）。
行业需求支撑：全球铜供应趋紧（如First Quantum旗下Cobre Panama铜矿关停影响全球1.5%供应），云南铜业作为国内主要铜企，融资落地有望强化其产能布局及市场竞争力。

风险管控与后续计划

风控措施：公司将严格遵守《非金融企业债务融资工具信息披露规则》等规定，确保发行合规及资金安全。
关联交易动态：同日公告披露，子公司中铜国贸向云铜香港提供6500万美元借款（年利率5.02%），用于境外业务运营，占公司最近一期净资产3.15%，风险可控。

前瞻视角：本次债务融资工具的获批，标志着云南铜业在资本运作层面的关键突破。结合其在ESG领域的持续投入（2024年ESG报告披露环保及治理改进），中长期或吸引绿色金融资源倾斜。下一步需关注铜价波动项目投产效率及债务杠杆平衡，以评估融资的实际效益。

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云南铜业获准注册100亿元债务融资工具，优化债务结构助力业务发展

核心发行条款与安排

财务战略与行业背景

风险管控与后续计划

有色金属报告推荐