China Everbright Greentech Raises 1 Billion Yuan from Bond Issue

MT Newswires Live06-03

China Everbright Greentech (HKG:1257) has raised 1 billion yuan from the issue of green medium-term bonds, a May 31 filing on the Hong Kong bourse stated.

The bonds carry a 2.34% per annum coupon rate and will fall due in five years, according to the filing.

The environmental technology company and the investors will have a respective coupon rate adjustment and sell-back option at the end of the third interest-bearing year.

The company will use proceeds from the issue to repay debts, replenish working capital and the investment in and construction of its environmental protection projects, and for business development purposes.

Price (HKD): $0.70, Change: $+0.02, Percent Change: +2.94%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment