CHINA SUNTIEN (00956) plans to issue medium-term notes.
Xintian Green Energy (00956) announced that, in order to meet the company's funding needs, it plans to issue medium-term notes totaling RMB 3 billion with a maturity of no more than 5 years to institutional investors in the national interbank bond market within China. The company will choose an appropriate timing to issue the medium-term notes once or in multiple installments during the validity period of the registration, depending on market conditions and actual funding needs. The final issuance interest rate will be determined based on the results of the centralized book-building process. The funds raised from the issuance of the medium-term notes will be used for project construction expenses, repayment of maturing debts of subsidiary companies, and supplementing working capital, among other purposes.
CHINA SUNTIEN (00956) announced that to meet the company's funding needs, it plans to issue a total of RMB 3 billion of medium-term notes with a maturity of no more than 5 years to institutional investors in the national interbank bond market within China. The company will selectively issue these medium-term notes in one or multiple tranches during the valid registration period, based on market conditions and actual funding needs. The final issuance interest rate will be determined based on the results of centralized book-building. The proceeds from the issuance of medium-term notes will be used for project construction expenditures, repayment of maturing debts of subsidiary companies, and to supplement working capital, among other purposes.
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