By Marisa Wong
Morgantown, W.Va., Dec. 24 – Kangda International Environmental Co. Ltd. said it priced RMB 900 million of 5½% seven-year bonds at par.
The bonds were issued through indirect wholly owned subsidiary Chongqing Kangda Environmental Protection Industrial (Group) Co. Ltd.
The issuer has the option to adjust the interest rate at the end of the third year and at the end of the fifth year.
Based in Chongqing, China, Kangda operates wastewater treatment facilities in China.
| Issuer: | Chongqing Kangda Environmental Protection Industrial (Group) Co. Ltd.
|
| Issue: | Corporate bonds
|
| Amount: | RMB 900 million
|
| Maturity: | Seven years
|
| Coupon: | 5½%, may be adjusted at end of year three or year five
|
| Price: | Par of RMB 100
|
| Settlement date: | Dec. 21
|
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