Datang Environment plans offerings of up to RMB 3 billion

By William Gullotti

Buffalo, N.Y., Aug. 31 – China’s Datang Environment Industry Group Co., Ltd. plans to issue up to RMB 3 billion of super short-term commercial paper, short-term commercial paper and medium-term notes, according to a notice on Thursday.

The company intends to apply to register and issue the debt instruments for a combined total of up to RMB 3 billion.

Prior to submitting application to China’s National Association of Financial Market Institutional Investors, the board’s proposal must be considered and approved at the company’s general meeting.

The issuance period for the super-short term commercial paper is for no more than 270 days, with the issuance periods for the remaining types capped at one year.

Proceeds will be used to replenish working capital, repay debt and invest in projects.

The solutions provider of environmental protection and energy conservation for coal-fired plants is based in Beijing.

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