Chicago, June 6 – Beijing Enterprises Water Group Ltd. completed a third sale of medium-term notes to qualified investors, according to an announcement.
The RMB 1 billion issue will carry a 3.06% coupon have a five-year term.
There will be an adjustment to the coupon rate two years before the maturity date, and noteholders will have an opportunity for a put.
Proceeds will be used to repay interest-bearing debts.
Beijing Enterprises provides a broad range of water services and environmental protection services in China. The company is based in Hong Kong.
| Issuer: | Beijing Enterprises Water Group Ltd.
|
| Amount: | RMB 1 billion
|
| Issue: | Notes
|
| Maturity: | June 2028
|
| Coupon: | 3.06% initial rate, resets in year three
|
| Put: | Year three
|
| Settlement date: | June 2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
