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ENN Energy intends to place dollar-denominated green senior notes
By Devika Patel
Knoxville, Tenn., May 5 – ENN Energy Holdings Ltd. plans to sell dollar-denominated green senior notes (Baa1/BBB/BBB+) to professional investors, according to a press release.
The Hongkong and Shanghai Banking Corp. Ltd., Morgan Stanley & Co. International plc, Citigroup Global Markets Inc., Deutsche Bank AG, Singapore Branch, Mizuho Securities Asia Ltd., Australia and New Zealand Banking Group Ltd., BNP Paribas, MUFG, Natixis and Standard Chartered Bank will be the bookrunners.
The company intends to use the net proceeds of the proposed notes to refinance debt and/or to refinance capital or operating expenditures, including the research and development, construction, acquisition and operations on new or existing eligible green projects that promote a green and low-carbon economy, improve pollution control and energy efficiency and provide clear environmental sustainability and climate change benefits.
ENN Energy is a Lanfang, China-based investment holding company that invests in, operates and manages gas pipeline infrastructure and sells and distributes gas.
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