China’s Yunnan Water to price RMB 550 million 10-year green bonds

By Marisa Wong

Morgantown, W.Va., May 19 – Yunnan Water Investment Co., Ltd. is set to price RMB 550 million of 10-year green bonds, according to a notice.

The coupon will initially be Shibor plus a spread to be determined through a bookbuilding on May 26.

At the end of the fifth year, the bonds will have a coupon adjustment option and a put option.

Huatai United Securities Co., Ltd. is the lead underwriter, as previously announced.

Proceeds will be used for the construction of projects and general working capital.

The bonds are expected to be issued on June 1.

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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