Ganfeng Lithium Redeems 500 Million Yuan Green Tech Bonds; Shares Up 4%

MT Newswires Live07-29

Ganfeng Lithium Group (HKG:1772, SHE:002460) fully redeemed 500 million yuan worth of green technology bonds for a total payment of 505.4 million yuan, according to a Shenzhen bourse filing on Wednesday.

The total payment includes principal amount and interest.

The bonds, which were issued on Jan. 27, had a term of 180 days and a coupon rate of 2.19%.

The lithium company's shares jumped 4% during the morning trade.

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