China Everbright Greentech Limited Issues Perpetual Medium-Term Notes

MT Newswires · 05/30/2022 10:04

10:03 PM EDT, 05/29/2022 (MT Newswires) -- China Everbright Greentech Limited (HKG:1257) said Friday it issued its first tranche of perpetual medium-term notes with a base term of three years.

The notes have a principal amount of RMB700.0 million ($104.8 million) with a coupon rate of 3.35% yearly for the first three years. The coupon rate is resettable every three years from the fourth interest-bearing year, the company said.

Proceeds from the offering will be used to repay the company's interest-bearing debts.

Price (HKD): $2.03, Change: $0.00, Percent Change: 0.00%

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