By Rebecca Melvin
Concord, N.H., April 20 – Shenzhen Expressway Co. Ltd. sold RMB 1.2 billion of 3.49% five-year green bonds at par of RMB 100, according to a notice with the Stock Exchange of Hong Kong Ltd.
The company has the right to adjust the coupon rate, and there is an investor put after three years.
The issue represents phase one of the company’s planned green corporate bonds for 2021.
The construction company is based in Hong Kong.
| Issuer: | Shenzhen Expressway Co. Ltd.
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| Issue: | Green bonds
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| Amount: | RMB 1.2 billion
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| Maturity: | Five years
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| Coupon: | 3.49%
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| Price: | Par of RMB 100
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| Puts: | Yes, after three years
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| Settlement date: | April 19
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| Announcement date: | April 20
|
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