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China Everbright Water proposes up to RMB 2.5 billion of bonds
By Marisa Wong
Morgantown, W.Va., Oct. 31 – China Everbright Water Ltd. said it plans to issue up to RMB 2.5 billion of bonds in one or more tranches with maturities of up to 10 years.
The issue price will be par.
Everbright Securities Co. Ltd. will be the lead underwriter.
Proceeds will be used to repay existing debt and to replenish general working capital, as well as for the construction of some green projects and the repayment of borrowings for those green projects.
The proposed issuance is subject to regulatory approval.
China Everbright Water, formerly HanKore Environment Tech Group Ltd., is a Beijing-based company that invests and operates in the water environment sector.
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