China’s Yunnan Water gets go-ahead for RMB 1.8 billion green bonds

By Marisa Wong

Morgantown, W.Va., Jan. 17 – China’s Yunnan Water Investment Co., Ltd. said it received a letter from the Shanghai Stock Exchange stating it has no objection to the issuance of up to RMB 1.8 billion of renewable corporate green bonds proposed in December.

Kaiyuan Securities Co., Ltd. will be the lead underwriter, as previously announced.

Proceeds will be used for the construction, operation and acquisition of green industry projects and to repay bank loans relating to the company’s green industry projects.

The company also announced earlier this month that it plans to issue up to RMB 550 million of 10-year green bonds. Huatai United Securities Co., Ltd. will act as lead underwriter, as previously reported.

Yunnan Water is an investment holding company based in Kunming, China. Its focus is on municipal water supply and wastewater treatment facilities.

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