China Everbright Environment Group Limited announced the completion of issuance of the 2026 green medium-term notes (series 2) (Carbon Neutrality Bond) in the PRC (the ?2026 Medium-term Notes (Series 2)?) on April 23, 2026. The principal terms of the 2026 Medium-term Notes (Series 2) were as follows: Issuer: The Company; Principal amount: RMB 2,000 million; Interest commencement date: April 27, 2026; Maturity: 3 years; Repayment date: April 27, 2029; Issue price: At par value of the 2026 Medium-term Notes (Series 2); Interest rate: 1.67% per annum; Issue method: Everbright Securities Company Limited acted as lead underwriter, China Merchants Bank Co. Ltd. and Bank of Beijing Co.
Ltd. acted as joint lead underwriters for the 2026 Medium-term Notes (Series 2) which were publicly offered to the institutional investors in the inter-bank bond market in the PRC by way of centralised book-building and centralised placing exercise. The net proceeds from the 2026 Medium-term Notes (Series 2), after deduction of the underwriting fees, would be used in full for the redemption of the Company?s domestic perpetual medium-term notes within the PRC. An announcement in respect of the issuance of the 2026 Medium-term Notes (Series 2) had been published on the websites of China Foreign Exchange Trade System National Interbank Funding Center and Shanghai Clearing House respectively.
The Company had entered into an underwriting agreement (the ?Underwriting Agreement?) with Everbright Securities, China Merchants Bank Co. Ltd. and Bank of Beijing Co. Ltd. in relation to the 2026 Medium-term Notes (Series 2), pursuant to which the Company had engaged Everbright Securities as the lead underwriter, China Merchants Bank Co.
Ltd. and Bank of Beijing Co. Ltd. as the joint lead underwriters to be responsible for the underwriting of the issuance of the 2026 Medium-term Notes (Series 2) in accordance with the terms of the Underwriting Agreement. The Directors (including the independent non-executive Directors) considered that the terms of the Underwriting Agreement were reached on an arm?s length basis among the parties and that the Underwriting Agreement had been entered into on normal commercial terms and in the ordinary and usual course of business of the Company, and the terms of the Underwriting Agreement were fair, reasonable, and in the interests of the Company and its shareholders as a whole.
