Newsletter summary
Beijing Water Control Group successfully issued 500 million yuan of 2024 second-term notes with a maturity of 5 years, with a coupon rate of 2.Ndbcasino.68%, raising funds to repay the loan.
Text of news flash
[Beijing Water Control Group successfully issued the second interim note of 2024, with a total issue of RMB 500 million] Beijing Water Control Group (00371)NdbcasinoHK) successfully issued to eligible investors on April 18, 2024NdbcasinoThe second issue of medium-term notes in 2024, with a total amount of 500 million yuan. This issueNdbcasinoThe maturity of the bill is 5 years, and the coupon rate for the first five interest-bearing years is 2.68%. The funds raised will mainly be used to repay the loans of Beijing Water Control Group, in order to optimize the company's financial structure and improve capital efficiency. The successful issuance of the medium-term note reflects the market's confidence and recognition of the Beijing Water Control Group. At the same time, it also shows the company's financing ability in the capital market, which provides financial guarantee for the company's sustainable development and expansion. Beijing Water Control Group, as a leading water enterprise in China, has been actively expanding its business and committed to the rational development and utilization of water resources. The issuance of the medium-term note will further enhance the company's financial strength and support the company's sustainable development in the field of water affairs.
