China Everbright Environment Wins Approval to Register Up to RMB15 Billion in Debt Instruments

The latest announcement is out from China Everbright ( (HK:0257) ).

China Everbright Environment Group has obtained approval from the National Association of Financial Market Institutional Investors in mainland China to register multiple types of debt financing instruments with an aggregate ceiling of up to RMB15 billion. The registration allows the company to issue these instruments in several tranches over the next two years via the China Interbank Bond Market, with actual issuance size, timing and terms to be determined by market conditions and a book-building process, signalling enhanced funding flexibility for its ongoing operations and potential expansion, while the company cautions that it may ultimately decide not to proceed depending on prevailing conditions.

The most recent analyst rating on (HK:0257) stock is a Buy with a HK$5.70 price target. To see the full list of analyst forecasts on China Everbright stock, see the HK:0257 Stock Forecast page.

More about China Everbright

China Everbright Environment Group Limited is a Hong Kong–incorporated company listed on the Stock Exchange of Hong Kong, operating in the environmental services and infrastructure sector. The group typically engages in investment, development and operation of environmental protection projects, providing services such as waste-to-energy, water treatment and related environmental solutions, primarily serving mainland China’s and the region’s growing demand for sustainable infrastructure.

Average Trading Volume: 17,375,814

Technical Sentiment Signal: Buy

Current Market Cap: HK$28.5B

For a thorough assessment of 0257 stock, go to TipRanks’ Stock Analysis page.