By Marisa Wong
Madison, Wis., Aug. 23 - Guodian Technology & Environment Group Corp. Ltd. completed the issue of RMB 4 billion of domestic corporate bonds on Aug. 22.
Guodian said it issued RMB 1.2 billion of three-year bonds, RMB 800 million of five-year bonds and RMB 2 billion of 10-year bonds.
In an Aug. 16 announcement, the company said it intended to offer RMB 1 billion of bonds due Aug. 20, 2015, RMB 1 billion of bonds due Aug. 20, 2017 and RMB 2 billion of bonds due Aug. 20, 2022. The company noted that it had the option of adjusting the size of any of the three series, as long as the total offering size did not exceed RMB 4 billion.
On Aug. 20 the company set interest rates for the bonds. The 2015 bonds have a coupon of 4.3%, the 2017 bonds have a coupon of 4.65%, and the 2022 bonds have a coupon of 5.15%. The interest rates for all three series are fixed.
The company also said on Monday that it would carry out an online issue of the 2015 bonds to the public in China on Aug. 20 and an offline issue of those bonds to institutional investors from Aug. 20 to Aug. 22. The company did not make an announcement about the other two series.
The China Securities Regulatory Commission approved the issuance of up to RMB 4 billion of corporate bonds on Aug. 6.
Beijing-based Guodian specializes in environmental protection and energy saving for coal-fired power plants, as well as renewable energy equipment manufacturing.
| Issuer: | Guodian Technology & Environment Group Corp. Ltd.
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| Issue: | Domestic corporate bonds
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| Amount: | RMB 4 billion
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| Settlement date: | Aug. 22
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| 2015 bonds
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| Amount: | RMB 1.2 billion
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| Maturity: | Aug. 20, 2015
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| Coupon: | 4.3%
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|
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| 2017 bonds
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| Amount: | RMB 800 million
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| Maturity: | Aug. 20, 2017
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| Coupon: | 4.65%
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|
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| 2022 bonds
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| Amount: | RMB 2 billion
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| Maturity: | Aug. 20, 2022
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| Coupon: | 5.15%
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