08:24 AM EDT, 04/26/2022 (MT Newswires) -- China Everbright Greentech (HKG:1257) obtained regulatory approval to issue renminbi-denominated perpetual bonds in the Chinese interbank bond market.
The environment protection services provider was authorized to issue medium-term perpetual bonds worth up to 4 billion yuan ($629.7 million) in one or more tranches.
Proceeds will be used to pay debts, fund construction projects and boost working capital, according to a late Monday disclosure.
The proposed offering has been approved by China's National Association of Financial Market Institutional Investors.
Price (HKD): $1.97, Change: $-0.01, Percent Change: -0.51%