China Suntien eyes RMB 3 billion of renewable green corporate bonds

By William Gullotti

Buffalo, N.Y., April 25 – China Suntien Green Energy Corp. Ltd. intends to offer RMB 3 billion of renewable green corporate bonds on China’s interbank bond market to professional investors, according to an announcement on Thursday.

The planned bonds will be issued at their par value in one or more tranches, with interest determined via centralized book building.

The bonds will have either a three- or a five-year base term. At the end of each term, the company will have the option to renew the bonds for another term or redeem them in full.

Proceeds will be used for project investment, replenishing working capital, debt repayments and equity investments.

The wind power and natural gas company is based in Shijiazhuang, China.

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