Corporate digest

China Everbright Water

CHINA Everbright Water plans to issue a first tranche of 1.2 billion yuan (S$236.5 million) notes in China on or around June 8. This will be part of a proposed three billion yuan issuance and the notes will have a maturity period of five years. The fixed coupon rate will be determined by the company and underwriters pursuant to a centralised book-building process.

It is looking to issue the notes to institutional investors in the interbank bond market in China.