By Marisa Wong
Morgantown, W.Va., March 11 – Guodian Technology & Environment Group Corp. Ltd. said it issued RMB 400 million of debt financing instruments on Friday.
The three-year instruments carry a coupon of 4.3%.
Hua Xia Bank Co., Ltd. and Bank of Beijing Co., Ltd. acted as joint lead underwriters for the placement.
This is the company’s second tranche of debt financing instruments for 2016. The company previously registered to issue up to RMB 4 billion of debt financing instruments. Following the latest issuance, the remaining available balance is RMB 600 million. The company has until the end of its 2016 annual general meeting to issue the remaining tranche(s).
Proceeds from the current tranche will be used to repay bank loans.
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.
|
| Issue: | Debt financing instruments, 2016 second tranche
|
| Amount: | RMB 400 million
|
| Maturity: | Three years
|
| Underwriters: | Hua Xia Bank Co., Ltd. and Bank of Beijing Co., Ltd. (joint lead)
|
| Coupon: | 4.3%
|
| Settlement date: | March 11
|
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