News detail
BEWG Successfully Issued the First Tranche of Medium-term Notes of 2020 2020-03-06
On March 4, Beijing Enterprises Water Group (China) Investment Limited successfully issued medium-term notes with a scale of 2 billion yuan in the national inter-bank bond market. The term for variety I of the medium-term notes is 5+3 years, with an issuing scale of 1 billion yuan, and a stated interest rate of 3.43%; the term for variety II is 10 years, with an issuing scale of 1 billion yuan, and a final stated interest rate of 3.98%. The stated interest rate of medium-term notes has hit records lows, significantly reducing the company’s financing costs.
This issue of medium-term notes has been favored and recognized by many high-quality professional investors, including large state-owned commercial banks, joint-stock commercial banks, municipal commercial banks, fund companies, securities companies, insurance companies, etc. The investors at the bookkeeping issuance site actively participated in and subscribed, and the final subscription rate reached nearly 2.3 times.
The funds raised in this issue of the medium-term notes are designed to supplement working capital for Beijing Enterprises Water Group (China) Investment Limited, optimize the debt structure and maintain the company’s sound financial status to continuously promote healthy and rapid development of environmental protection businesses including municipal water affairs, comprehensive treatment of water environment, etc., so as to better serve the economic construction and environmental protection of Chinese society, and provide green, healthy and sustainable living environment services for more people.
This issue of medium-term notes has been favored and recognized by many high-quality professional investors, including large state-owned commercial banks, joint-stock commercial banks, municipal commercial banks, fund companies, securities companies, insurance companies, etc. The investors at the bookkeeping issuance site actively participated in and subscribed, and the final subscription rate reached nearly 2.3 times.
The funds raised in this issue of the medium-term notes are designed to supplement working capital for Beijing Enterprises Water Group (China) Investment Limited, optimize the debt structure and maintain the company’s sound financial status to continuously promote healthy and rapid development of environmental protection businesses including municipal water affairs, comprehensive treatment of water environment, etc., so as to better serve the economic construction and environmental protection of Chinese society, and provide green, healthy and sustainable living environment services for more people.
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