to-the-point: Goldwind issues CNY 500m in mid-term notes
Ningxia wind farm using Goldwind turbines. Author: Land Rover Our Planet. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.
Chinese wind turbine maker Xinjiang Goldwind Science & Technology (HKG:2208) said Monday it wrapped up a CNY-500-million (USD 75m/EUR 68.1m) placement of medium-term notes last week.
The notes bear a 4.2% annual coupon. China Development Bank Corp and Industrial Bank Co Ltd served as joint lead underwriters of the issuance.
The issue represents the company’s second tranche of medium-term notes so far in 2016, following a CNY-1-billion issue in end-May. Goldwind has registered with the National Association of Financial Market Institutional Investors (NAFMII) a total of CNY 3 billion in green debt financing instruments, which are to be issued within two years.