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Published on 10/24/2023 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

New Issue: Beijing Energy issues RMB 1.5 billion of 3.77% panda bonds

By Mary-Katherine Stinson

Lexington, Ky., Oct. 24 – Beijing Energy International Holding Co., Ltd. issued its second tranche of panda bonds, according to an announcement.

The RMB 1.5 billion of perpetual bonds priced with an initial interest rate of 3.77%, which will reset after two years.

The board stated in the notice that the panda bond issue could further diversify the company’s funding channels and facilitate future business expansion.

Beijing Energy is a Hong Kong-based energy holding company focused on solar and renewable energy.

Issuer:Beijing Energy International Holding Co., Ltd.
Amount:RMB 1.5 billion
Issue:Panda bonds, second tranche
Tenor:Perpetual
Coupon:3.77% initially, resets after two years
Settlement date:Oct. 20

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