By William Gullotti
Buffalo, N.Y., April 22 – China Resources Building Materials Technology Holdings Ltd. issued RMB 1 billion of 2.44% sustainability-linked medium-term notes with a three-year tenor, according to an announcement Monday.
The issuance marks the company’s first offering of medium-term notes in 2024.
The company will used the proceeds to repay its domestic bank loans and those of its subsidiaries.
The company was previously known as China Resources Cement Holdings Ltd. Based in Hong Kong, it is the holding company of the cement and concrete operations of China Resources Group.
| Issuer: | China Resources Building Materials Technology Holdings Ltd.
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| Amount: | RMB 1 billion
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| Issue: | Sustainability-linked medium-term notes
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| Tenor: | Three years
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| Coupon: | 2.44%
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| Issue date: | April 22
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