China Everbright Greentech (HKG:1257) completed the issue of 1 billion yuan of five-year bonds carrying a fixed interest rate of 1.98% per annum, a Wednesday Hong Kong bourse filing said.

The environmental protection services company will have a coupon rate adjustment option, while the subscribers will have a sell back option exercisable at the end of the third interest-bearing year.

The firm will use proceeds from the issue to repay debt, replenish working capital, invest in and construct its environmental protection projects, and for other business development purposes.