By Rebecca Melvin
Concord, N.H., Nov. 12 – SIIC Environment Holdings Ltd. will issue up to RMB 1.5 billion of 3.4% five-year bonds at par, according to a notice.
Final implementation of the issue, which marks the company’s second corporate bond issuance in 2021, is subject to market conditions.
The bonds have a coupon adjustment option and put option at the end of year three.
The proceeds of the issuance will be used to repay existing debt and for general working capital.
Essence Securities Co. Ltd., China International Capital Corp. Ltd. and Ping An Securities Ltd. are the underwriters.
SIIC is a water treatment, solid waste treatment and other environment-related businesses group based in Singapore.
| Issuer: | SIIC Environment Holdings Ltd.
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| Issue: | Corporate bonds
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| Amount: | Up to RMB 1.5 billion
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| Bookrunners: | Essence Securities Co. Ltd., China International Capital Corp. Ltd. and Ping An Securities Ltd.
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| Maturity: | Three years
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| Coupon: | 3.4%
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| Price: | Par
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| Yield: | 3.4%
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| Rate reset: | At the end of year three
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| Put: | At the end of year three
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| Pricing date: | Nov. 12
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