China Everbright Completes Medium-term Notes Issue

China Everbright (HK:0257) has released an update.

China Everbright Environment Group Limited has successfully issued its 2024 Medium-term Notes (Series 3) for RMB 1.5 billion with a 2.23% interest rate, set to mature in 2029. The offering was led by Everbright Securities and several other major banks, aiming to bolster working capital and repay existing bank loans. This strategic financial move targets institutional investors in the inter-bank bond market in China.

For further insights into HK:0257 stock, check out TipRanks’ Stock Analysis page.