Press Release from Carey Olsen, Tuesday 16 April, 2024.
Carey Olsen’s corporate team in Hong Kong has advised leading global eco-development solutions provider Beijing Energy International Holding Co. Ltd (“Beijing Energy International”) on the Bermuda law aspects of a $40 million green bond issuance.
On 2 April 2024, Beijing Energy International successfully issued the bond, featuring a term of two years and a historically low coupon rate of 2.70%. The issuance was oversubscribed by 3.04 times.
The issuance, conducted under the green asset-backed special plan (ABS) for supporting rural revitalisation of Beijing Energy International’s phase-I supply chain financing, provides a stable financial foundation for the continued development of the company.
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