By Wendy Van Sickle
Columbus, Ohio, Oct. 27 – China Longyuan Power Group Corp. Ltd. sold RMB 2 billion of green renewable corporate bonds in two tranches, according to a notice.
The company priced RMB 1 billion of 3.59% bonds with an initial term of one year.
It priced RMB 1 billion of 3.9% bonds with an initial term of two years.
Huatai United Securities Co. Ltd. was the lead underwriter and Central China Securities Co., Ltd. the joint lead underwriter.
Proceeds will be used for working capital and supporting the business development of green industry.
China Longyuan is a Beijing-based wind power producer.
| Issuer: | China Longyuan Power Group Corp. Ltd.
|
| Issue: | Green renewable corporate bonds
|
| Amount: | RMB 2 billion
|
| Underwriters: | Huatai United Securities Co. Ltd (lead) and Central China Securities Co., Ltd.
|
| Settlement date: | Oct. 29
|
|
|
| Tranche 1
|
| Amount: | RMB 1 billion
|
| Maturity: | One plus N years
|
| Coupon: | 3.59%
|
|
|
| Tranche 2
|
| Amount: | RMB 1 billion
|
| Maturity: | Two plus N years
|
| Coupon: | 3.9%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
