TBEA (SHA:600089), through subsidiary TBEA Xinjiang New Energy, issued its first green technology bonds for the year, amounting to 1 billion yuan, according to a Tuesday disclosure on the Shanghai bourse.
The bonds have a 2.1% coupon rate and a term of three years, but can be extended.
China Construction Bank (HKG:0939, SHA:601939) served as the lead underwriter of the issuance.
The Chinese power transformers manufacturer's shares slipped 1% during the morning trade.
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