Hanjiang Urban Construction issues first green corporate bond in Yangzhou City

Recently, Yangzhou Hanjiang Urban Construction successfully completed the bookkeeping of its first green corporate bond in 2020.
The scale of the non-public issuance is 500 million yuan, with a term of “3 + 2 years”. The issuance interest rate is 3.90%, and the main credit rating is AA +. Caida Securities acts as the lead underwriter and bookkeeper.

Recently, Yangzhou Hanjiang Urban Construction Development successfully completed the bookkeeping of its first green corporate bond in 2020.

The scale of the non-public issuance is 500 million yuan, with a term of “3 + 2 years”. The issuance interest rate is 3.90%, and the main credit rating is AA +. Caida Securities acts as the lead underwriter and bookkeeper.

Hanjiang Urban Construction was established in December 2004 with a registered capital of RMB 2.6 billion, and the actual controller is the State-owned Assets Office of the People’s Government of Hanjiang District, Yangzhou City.

As an important entity in the operation of state-owned assets in Hanjiang District of Yangzhou City, the company undertakes major tasks such as infrastructure construction, affordable housing construction and tourism development in the district.

Financial report data shows that from 2017 to 2018 and from January to September 2019, Hanjiang Urban Construction achieved operating income of 1.211 billion yuan, 1.282 billion yuan and 694 million yuan respectively, and realized net profit of 148 million yuan, 158 million yuan and 102 million yuan. The profitability level is relative high.

According to the Implementation Opinions on Deepening the Promotion of High-Quality Development of Ecological Environment of Green Financial Service issued by Jiangsu Province, Hanjiang Urban Construction green bond was approved by the Shanghai Stock Exchange on November 28, 2019, becoming the first green city in Yangzhou to be approved Corporate debt.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/27/hanjiang-urban-construction-issues-first-green-corporate-bond-in-yangzhou-city/.

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