Tianjin Chuangye Environmental Protection Co., Ltd. (01065) issued an announcement. On April 23, 2024, the board of directors reviewed and approved it to China...
According to Zhitong Finance App, Tianjin Chuangye Environmental Protection Co., Ltd. (01065) issued an announcement. On April 23, 2024, the board of directors deliberated and passed a bill applying for registration with the China Securities Regulatory Commission and the Shanghai Stock Exchange to issue innovative green corporate bonds with a total principal amount not exceeding RMB 1 billion for a period of not more than ten years.
According to the announcement, the company's registration and issuance of green corporate bonds will further strengthen the company's continued voice in the capital market, highlight the company's investment and achievements in scientific and technological innovation and green environmental protection, and help increase the company's influence and recognition in the capital market and environmental, social and corporate governance fields.
In 2023, the company successfully established a technology product center (dual carbon research center) to further strengthen investment in scientific and technological innovation. In the future, it will also strengthen the deep integration of industry, education and research in the “double carbon” field, and carry out innovation and practice starting with the four major directions of carbon reduction, carbon reduction, carbon replacement, and carbon control to provide support for the high-quality development of enterprises and green and low-carbon transformation. The company issues the company's green corporate bonds, which help to further implement innovation-driven and green development strategies and serve the country's scientific and technological innovation and environmental protection industry development.
About 90% of the company's stock debt is indirect financing such as bank loans. The source of debt is relatively single. Issuing green corporate bonds helps the company to make full use of the capital market function, increase the proportion of direct financing, expand the company's financing channels, optimize the company's financing structure, and reduce financial risks.