BJ ENT WATER (00371) announced the successful issuance of its second tranche of medium-term notes for 2025 to qualified investors on November 18, 2025.
According to the book-building results, the total issuance amounted to RMB2 billion, divided into two series: - Series 1: RMB1 billion with a 3-year tenor maturing in November 2028, carrying an annual coupon rate of 1.96%. - Series 2: RMB1 billion with a 5-year tenor maturing in November 2030, featuring an annual coupon rate of 2.11%.
The proceeds will be used to repay borrowings from overseas financial institutions.