Beijing Enterprises Water Group (China) Investment Co., Ltd. has granted green perpetual bonds worth no more than RMB 2.8 billion to its qualified investors by public offering. SynTao Green Finance, as a third party verifier, provided assessment and verification to the current bond.
As per the Announcement of Beijing Enterprises Water Group (China) Investment Co., Ltd. public offering in 2016 green perpetual bonds, bond book-building work in current bond has completed on September 13, 2016, the actual issuance is RMB 2.8 billion, 5 + N years maturity, the final coupon rate is 3.68%. The current bond is the first green perpetual bond public offering in China market.
SynTao Green Finance assessed the data and information on environmental impacts and benefits of the current bond, and confirmed that the green credentials of the bond comply with the China Green Bond Endorsed Project Catalogue published by the Green Finance Committee.
SynTao Green Finance is an observer organization of the Green Bond Principles launched by ICMA, the first China based Climate Bonds Standard verifier, and a signatory to the UN Principles for Responsible Investment (PRI). We provide pre- and post-issuance green bond verification and green finance capacity building services. As a leading sustainable finance consultancy, SynTao Green Finance also provides comprehensive ESG information analysis, responsible investment capacity building, environmental and social risk management, and green finance product innovation services for investors, companies, governments, academia and civil society.
(Edited according to BEWG press release)