By Marisa Wong
Morgantown, W.Va., Dec. 7 – China’s GCL New Energy Holdings Ltd. announced that subsidiary Suzhou GCL New Energy Investment Co., Ltd. priced RMB 560 million of three-year green bonds.
The coupon is fixed at 7½%.
Proceeds from the second-tranche bonds will be used for renewable energy project investment and construction as well as to repay financing of renewable energy projects.
GCL New Energy offers solar plant operation and maintenance through its subsidiaries. The company is based in Hong Kong.
| Issuer: | Suzhou GCL New Energy Investment Co., Ltd.
|
| Issue: | Green bonds, second tranche
|
| Amount: | RMB 560 million
|
| Maturity: | Three years
|
| Coupon: | 7½%
|
| Announcement date: | Dec. 7
|
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