By Marisa Wong
Morgantown, W.Va., April 20 – China Energy Engineering Corp. Ltd. said it issued RMB 3 billion of 4.65% five-year corporate bonds on Friday.
The bonds have a coupon adjustment option, call option and put option at the end of the third year.
Citic Securities Co., Ltd. acted as the lead underwriter.
Proceeds will be used to replenish working capital.
The energy conglomerate is based in Beijing.
| Issuer: | China Energy Engineering Corp. Ltd.
|
| Issue: | Corporate bonds
|
| Amount: | RMB 3 billion
|
| Maturity: | Five years
|
| Underwriter: | Citic Securities Co., Ltd. (lead)
|
| Coupon: | 4.65%, adjustable at end of third year
|
| Call option: | At end of third year
|
| Put option: | At end of third year
|
| Settlement date: | April 20
|
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