CHINA WATER Issues Additional $150 Million of 5.875% Senior Notes Due 2030

Stock News
04/29

CHINA WATER (00855) announced that on April 28, 2026, the company and its subsidiary guarantors entered into a purchase agreement with Morgan Stanley & Co. International plc and others, acting as initial purchasers, for the issuance and sale of an additional $150 million in 5.875% senior notes due 2030. The additional notes will be consolidated with the $150 million 5.875% senior notes due 2030 issued on October 22, 2025, forming a single series. The gross proceeds from the issuance of the additional notes will be approximately $143 million. After deducting underwriting discounts, commissions, and other estimated expenses payable by the company related to this offering, the net proceeds will be used to fund a concurrent tender offer and repay certain other offshore debts. Under this premise, the company plans to allocate an amount equivalent to the total proceeds from this offering, in whole or in part, to finance or refinance eligible green projects, particularly water supply projects, in accordance with its blue-green financing framework.

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