China Everbright Water (SGX:U9E, HKG:1857) exercised its interest rate adjustment option on its 1.5 billion yuan bonds by 197 basis points to 1%, effective July 17, according to a Friday filing with the Singapore Exchange.
The dual-listed wastewater treatment company said the bondholders who do not decide to hold the bonds at the reduced rate can exercise their resale option between June 29 and July 3.
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