By Marisa Wong
Morgantown, W.Va., Oct. 23 – China Suntien Green Energy Corp. Ltd. said subsidiary Hecic New-energy Co., Ltd. issued RMB 500 million of one-year debentures at par to yield 4% on Thursday.
This is the company’s first tranche of short-term debentures for 2015.
China Development Bank Corp. was the lead underwriter.
Proceeds will be used mainly as additional working capital.
The wind power and natural gas company is based in Shijiazhuang, China.
| Issuer: | Hecic New-energy Co., Ltd.
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| Issue: | Short-term debentures, first tranche
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| Amount: | RMB 500 million
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| Maturity: | One year
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| Coupon: | 4%
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| Price: | Par
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| Yield: | 4%
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| Underwriter: | China Development Bank Corp.
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| Settlement date: | Oct. 22
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