Core Viewpoint - Beijing Energy International (00686) has entered into an underwriting agreement with China Merchants Securities and other underwriters for the issuance of its notes, indicating a strategic move to raise capital through debt instruments [1] Group 1: Underwriting Agreement - The company appointed China Merchants Securities and other underwriters as the lead underwriters for its issued or to-be-issued notes, with specific terms to be agreed upon at a later date [1] - The company issued notifications to China Merchants Securities on September 10, 2025, and October 17, 2025, appointing them as the lead underwriter for the third and fifth batches of notes, respectively [1] Group 2: Note Issuance Details - The principal amount for the third batch of notes is set at 1 billion yuan, fully underwritten by China Merchants Securities [1] - The total principal amount for the fifth batch of notes is 1.5 billion yuan, with China Merchants Securities underwriting 1.05 billion yuan [1]