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China Suntien Green Energy Corporation Limited(the “Company”) successfully completed the issue of RMB 2,000,000,000 corporate bonds on November 22.The bonds were offered in two tranches, including?RMB 1 billion?six-year bonds, with an option for the issuer to raise the coupon rate and option for the investors to sell back bonds at the end of the third year, and RMB 1 billion seven-year bonds, with an option for the issuer to raise the coupon rate and option for the investors to sell back bonds at the end of the fifth year.?The Company has been awarded with AA+ issuer rating and AAA bonds rating guaranteed by HeBei Construction and Investment Group Co., Ltd.
This bonds issue marks the first time the Company has raised money directly from domestic securities market since it started issuing H shares in Hong Kong, and low-cost?capital raised from the issue?will be used to promote sustainable and healthy development of the Company’s wind power and natural gas businesses. The success of the issue also helps the Company establish a new image among domestic institutional investors to lay foundation for the Company’s further capital operation in the future.
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