CTG’s Hubei Energy Group issues RMB 650 Mln epidemic bonds

from:China Three Gorges Corporationdate:2020-03-23

CTG’s Hubei Energy Group issues RMB 650 Mln epidemic bonds-1

Hubei Energy Group Co.,Ltd, a subsidiary of China Three Gorges Corp (CTG), issued ultra-short-term financing bonds in China's inter-bank bond market on March 13, raising RMB 650 million yuan in the so-called epidemic control and prevention bond issuance.

The issuance was underwritten by the Export-Import Bank of China, which exempts all underwriting fees. The bond has a maturity of 270 days and a coupon rate of 2.55 percent.

The issuance will help further secure sufficient fund for the company to fight against the novel coronavirus epidemic, reduce the funding cost and elevate its influence in the capital market.

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