GAC Raises 3 Billio Yuan Via Green Tech Bond Issue

MT Newswires Live

03/19

Guangzhou Automobile Group (HKG:2238, SHA:601238), or GAC, raised 3 billion yuan via the issue of green technology innovation bonds.

The three-year notes carry an interest rate of 1.79%, according to a Thursday filing with the Shanghai bourse..

China Construction Bank serves as lead underwriter. China Everbright Bank and Huaxia Bank serve as co-lead underwriters.

Shares of the automaker were down 2% in recent trades on the Shanghai and Hong Kong bourses.

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