A few days ago, the National Development and Reform Commission approved Shangrao City Construction Investment Development to issue green bonds of 1.7 billion yuan.
The 850 million yuan of the fund raised will be used for the Shangrao Municipal Solid Waste Incineration Power Plant Project, and 850 million yuan will be used to supplement working capital.
The term of this bond is 7 years. The Bonds will bear interest at a fixed rate per annum on a simple and not compound basis.
This issue of bonds is a real-name book-entry bookkeeping system. It adopts bookkeeping and archives and centralized placement.
It is publicly issued to institutional investors in the inter-bank market through members of the underwriting syndicate, and is registered at the China Government Securities Depository Trust & Clearing.
This bond has an early repayment clause, that is, from the third year of the bond's duration, the principal of the bond will be repaid at a rate of 20% of the total bond issuance year by year.