China Everbright Greentech Issues 1 Billion Yuan Medium Term Notes

MT Newswires Live09-13

China Everbright Greentech (HKG:1257) issued the 2024 third tranche of medium-term bonds worth 1 billion yuan, according to a Thursday filing with the Hong Kong bourse.

There is no set maturity time limit, and the company can redeem the bonds after three years. The coupon rate will remain 2.43% annually for the first three interest-bearing years.

The proceeds will be used for repayment of interest bearing debt and for general working capital.

Everbright Securities was the lead underwriter, and China Zheshang Bank. and Bank of Ningbo acted as the joint lead underwriters

The company's stock were up by over 1% in recent trading.

Price (HKD): $0.66, Change: $+0.010, Percent Change: +1.54%

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