DUAL-LISTED environmental services group China Everbright Water on Wednesday said the one billion yuan (S$197.1 million) first tranche of its medium-term notes issue was 2.01 times subscribed by institutional investors in the interbank bond market in China. Read more at The Business Times.
DUAL-LISTED environmental services group China Everbright Water on Wednesday said the one billion yuan first tranche of its medium-term notes issue was 2.01 times subscribed by institutional investors in the interbank bond market in China.
The notes, which were issued on Monday and Tuesday, have a maturity period of three years and an interest rate of 3.6 per cent. The mainboard-listed company will use the proceeds to replenish the working capital of its subsidiaries, it said in a bourse filing. Executive director and chief executive of China Everbright Water An Xuesong said that the first tranche notes issue would help the company"optimise its financing structure and keep its financial costs within a reasonable range".
China Everbright Water will continue to monitor changes in the market environment closely, and issue the remaining tranche"according to capital demands and market conditions", he added.
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