By Marisa Wong
Madison, Wis., Aug. 5 – Dongjiang Environmental Co. Ltd. said it issued its first tranche of domestic corporate bonds, totaling RMB 350 million, on Aug. 1.
The five-year bonds will carry a coupon of 6½%.
The bonds were talked at 6½% to 7½%, as announced on July 29.
The Shenzhen, China-based technology driven environmental company first proposed the domestic corporate bonds in August 2013.
The company said it plans to issue the remaining tranches within 24 months of Feb. 7, the date the China Securities Regulatory Commission approved the domestic corporate bonds.
| Issuer: | Dongjiang Environmental Co. Ltd.
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| Issue: | Domestic corporate bonds
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| Amount: | RMB 350 million
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| Maturity: | Five years
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| Coupon: | 6½%
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| Announcement date: | July 29
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| Settlement date: | Aug. 1
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