China Everbright Limited (the “Company”) announced the completion of its 2025 second tranche medium term notes issuance on November 17, 2025. The principal amount of these notes is RMB1.5 billion, issued at RMB100 per note with a coupon rate of 2.17% per annum for the first two years. The rate will be reset every two years thereafter, with the first reset scheduled at the end of the second interest-bearing year.
The notes have a base term of two years. At the end of each two-year term, the Company may either extend the maturity for another equivalent term or repay the notes in full. The proceeds, after deducting underwriting fees, will be directed toward the repayment of the Company’s offshore bank loans. The official announcement regarding this issuance has also been published on the websites of China Money and the Shanghai Clearing House.
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