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.
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