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Everbright Water issues second tranche of medium term notes amounting up to RMB1 bil

Felicia Tan
Felicia Tan1/15/2021 08:07 AM GMT+08  • 2 min read
Everbright Water issues second tranche of medium term notes amounting up to RMB1 bil
The proceeds of the notes will be used for the working capital of the company’s subsidiaries.
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China Everbright Water says it has completed the issuance of the second tranche of medium term notes to institutional investors in the inter-bank bond market in mainland China.

The second tranche has a principal amount of RMB1 billion ($204.8 million) and is issued by the company itself.

The second tranche of notes were fully subscribed by the institutional investors with a maturity period of three years, an interest rate of 3.75% and a subscription rate of 1.97 times.

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