Published on 10/19/2023 in the Prospect News Emerging Markets Daily.
New Issue: Beijing Enterprises Water unit sells RMB 1 billion 3.3% five-year notes
By William Gullotti
Buffalo, N.Y., Oct. 19 – Beijing Enterprises Water Group Ltd.’s wholly owned subsidiary, Beijing Enterprises Water (China) Investment Co., Ltd., sold RMB 1 billion of 3.3% notes with a five-year tenor, according to an announcement on Thursday.
Proceeds will be used for general working capital purposes.
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 (China) Investment Co., Ltd.
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| Amount: | RMB 1 billion
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| Issue: | Notes, series 2
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| Maturity: | October 2028
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| Coupon: | 3.3%
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| Trade date: | Oct. 18
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| Distribution: | Qualified investors
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