By Marisa Wong
Morgantown, W.Va., Nov. 27 – China Suntien Green Energy Corp. Ltd. said subsidiary Hecic New-energy Co., Ltd. issued RMB 500 million of 6.2% five-year notes on Friday.
This is the company’s first tranche of medium-term notes for 2017.
China Construction Bank Ltd. and Bank of China Ltd. were the joint lead underwriters.
Proceeds will be used mainly to repay interest-bearing debt and to optimize the company’s financial structure.
The wind power and natural gas company is based in Shijiazhuang, China.
| Issuer: | Hecic New-energy Co., Ltd.
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| Issue: | Medium-term notes, 2017 first tranche
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| Amount: | RMB 500 million
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| Maturity: | Five years
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| Underwriters: | China Construction Bank Ltd. and Bank of China Ltd.
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| Coupon: | 6.2%
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| Settlement date: | Nov. 24
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