Staff Reporter
,
Singapore
Everbright Water
The notes have an interest rate of 2.80%.
SGX-listed Everbright Water announced the issuance of the 2024 first tranche medium term notes (MTNs) fully subscribed for by institutional investors in the national interbank bond market of mainland China.
The MTNs have a principal amount of $280m (RMB1.b), with a maturity period of 5 years, an interest rate of 2.80%, and a subscription rate of 3.07 times.
The proceeds will be used as working capital of the company’s subsidiaries and repay debts.
The 2024 first tranche MTNs and Everbright Water had each been given a credit rating of “AAA” by Shanghai Brilliance Credit Rating & Investors Service.
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