EBENVIRONMENT (00257.HK): RMB 2 billion 2-year MTN at 1.50%
- The notes were issued at par through centralised bookbuilding and allocation to institutional investors in the national interbank bond market.
- Everbright Securities acted as lead underwriter, with Industrial and Commercial Bank of China and Industrial Bank as joint lead underwriters, and all three signed the underwriting agreement with the company.
- The net proceeds after underwriting fees will be used entirely to repay the company's offshore RMB loans.
NewTimeSpace News: On 20 October 2026, China Everbright Environment Group Limited (stock code: 00257) announced it completed the issue of its 2026 third tranche medium-term notes in China on 15 October 2026, with a principal amount of RMB 2 billion, an interest commencement date of 16 October 2026, a term of two years, a maturity date of 16 October 2028, and a coupon rate of 1.50% per annum issued at par.
Everbright Securities Company Limited acted as lead underwriter, with Industrial and Commercial Bank of China Limited and Industrial Bank Co., Ltd. as joint lead underwriters, in a public offering to institutional investors through centralised bookbuilding and allocation in the national interbank bond market. The net proceeds after underwriting fees will be used to repay the company's offshore RMB loans. The Board considers the underwriting agreement fair and reasonable and in the interests of the company and its shareholders.
