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Everbright Water issues first tranche of perpetual medium term notes

Felicia Tan
Felicia Tan6/13/2022 06:25 PM GMT+08  • 2 min read
Everbright Water issues first tranche of perpetual medium term notes
The notes were fully subscribed with a subscription rate of 2.36 times.
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China Everbright Water has completed the issuance of the first tranche of perpetual medium term notes to institutional investors in the national inter-bank bond market of mainland China.

The notes have a principal amount of RMB700 million ($144.4 million). The RMB-denominated notes come with a maturity term of 3+N years and an interest rate of 3.30%.

The company had previously received a notice of registration from the National Association of Financial Market Institutional Investors of the People’s Republic of China to issue the perpetuals in multiple tranches with a registered principal amount of RMB3 billion.

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