CHINA RES GAS (01193.HK): Completes Issuance of Third Tranche Medium-Term Notes with Aggregate Principal of RMB 2.5 Billion

NewTimeSpace News: China Resources Gas Group Limited (stock code: 01193) announced on August 7 that its wholly-owned subsidiary, China Resources Gas Investment (China) Co., Ltd. (together with its subsidiaries, the "CR Gas Investment (China) Group"), has issued the third tranche of medium-term notes (the "Third Tranche MTNs") in China on the same day, with an aggregate principal amount of RMB 2.5 billion. Among the notes, RMB 1.5 billion carries a tenor of three years with a coupon rate of 1.57% per annum, and the remaining RMB 1.0 billion carries a tenor of five years with a coupon rate of 1.70% per annum.

According to the announcement, the net proceeds from the issuance of the Third Tranche MTNs will be used to replace bank loans that were previously repaid with certain self-owned funds of the CR Gas Investment (China) Group.

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