China’s Guodian Technology plans up to RMB 2 billion of notes

By Wendy Van Sickle

Columbus, Ohio, April 17 – Guodian Technology & Environment Group Corp. Ltd. is planning a public issuance of up to RMB 2 billion of medium-term notes in one or more tranches, according to a company announcement.

The notes will have a term or terms no longer than five years, and the specific size of any issuance will be determined according to the capital needs of the company and the then prevailing market conditions, the company said.

The coupon would be fixed and would be determined by a bookbuilding exercise.

Proceeds would be used for working capital.

Beijing-based Guodian specializes in environmental protection and energy saving solutions for coal-fired power plants, as well as renewable energy equipment manufacturing.

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