China Resources Materials Tech, a Hong Kong-listed cement, clinker and concrete supplier under state-owned China Resources Group, issued a Rmb1 billion $138.2 million tranche of unsecured sustainability-linked medium-term notes, maturing in three years, starting from April 22.
The issuing interest rate was finalised at 2.44%, with an oversubscription of Rmb5.14 billion from 24 institutional investors on the China Interbank Bond Market CIBM, mostly from Chinese banks. Proceeds raised were Rmb1.21 billion from 12 investors, according to public announcements.
The Agricultural Bank of China ABC acted as lead underwriter and bookrunner of the transaction, with Bank of China BOC and China Merchants Bank CMB as joint...
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