China Everbright Greentech completes green perpetual notes issuance

China Everbright Greentech Limited announced the completion of its "2025 Third Tranche Green Medium-term Notes (Rural Revitalisation)", referred to as the 2025 Second Tranche Green Perpetual Medium-term Notes. The issuance, completed on November 6, 2025, raised RMB1.0 billion in principal amount. The notes have an interest commencement date of November 7, 2025, and carry a fixed coupon rate of 2.23% per annum for the initial three interest-bearing years, determined via centralised bookbuilding.

The notes feature a "3+N years" maturity period, remaining valid indefinitely until redeemed by the company. The denomination and issue price are RMB100 per note, with repayment at face value. Everbright Securities Company Limited served as the lead underwriter, and Bank of China Limited acted as the joint lead underwriter for the public offering on the National Interbank Bond Market.

Proceeds from the issuance will primarily be allocated towards the repayment of the group's interest-bearing debts, replenishment of working capital, and investment in and construction of environmental protection projects, alongside other business development initiatives. The company maintains the right to redeem the notes at face value plus interest payable on the first Coupon Rate Reset Date or any relevant interest payment date thereafter.