Huayou Cobalt Issues 800 Million Yuan Green Tech Bonds; Shares Down 3%

MT Newswires Live

Mar 18

Zhejiang Huayou Cobalt (SHA:603799) completed the issuance of its fourth tranche of green technology innovation bonds for the year, which amounted to 800 million yuan, according to a Shanghai bourse filing on Wednesday.

The bonds have a 2.62% interest rate and a term of up to three years.

China CITIC Bank (HKG:0998, SHA:601998), Industrial Bank (SHA:601166) and China Zheshang Bank (HKG:2016, SHA:601916) were the joint underwriters of the issuance.

The Chinese cobalt supplier's shares dropped nearly 3% Wednesday morning in Shanghai.

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