000537SZSE

Announcement of Tianjin Green Power Group Co., Ltd. on the Change of Fundraising Purpose for "23 Green Power G1"

CHINA GREEN ELECTRICITY INVESTMENT of TIANJIN CO.,LTD.··6 pages

✨ AI Summary

Tianjin Green Power Group Co., Ltd. has announced a change in the use of funds raised from the "23 Green Power G1" bond. The total issuance is RMB 2 billion, with a 3-year term and a 3.37% interest rate. The company will redirect unused funds of RMB 389.31 million to three new projects, ensuring compliance with green bond requirements. The decision was approved in a bondholders' meeting without objections.

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Full Translation

AI Translation· azure_openai

Bond Code: 148562.SZ

Bond Abbreviation: 23 Green Power G1

Announcement of Tianjin Green Power Group Co., Ltd. on the Change of Fundraising Purpose for "23 Green Power G1"

I. Basic Information of the Current Bond

  1. Issuer: Tianjin Green Power Group Co., Ltd.

  2. Bond Name: Tianjin Zhonglv Electric Investment Co., Ltd. 2023 Public Issuance of Carbon Neutral Green Corporate Bonds (First Phase) for Professional Investors.

  3. Total Issuance: RMB 2 billion.

  4. Issuance Price (per bond): RMB 100.

  5. Bond Term: The term of this bond is 3 years.

  6. Bond Interest Rate: The coupon rate of this bond is 3.37%.

  7. Interest Start Date: December 29, 2023.

  8. Interest Payment Date: The interest payment date for this bond is December 29 of each year from 2024 to 2026 (if it falls on a legal holiday or weekend, it will be postponed to the next trading day, and interest will not accrue during the postponement).

  9. Redemption Date: The redemption date for this bond is December 29, 2026 (if it falls on a legal holiday or weekend, it will be postponed to the next trading day, and redemption payments will not accrue interest during the postponement).

  10. Repayment and Interest Payment Method: This bond uses simple interest calculation. Interest is paid annually, and the principal is repaid at maturity. Interest is paid once a year, with the final interest payment made together with the principal. The payment of principal and interest will be based on the relevant regulations of the securities registration agency, and the payment method and other specific arrangements will be handled according to the relevant regulations of the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd.

  11. Credit Rating and Rating Agency: According to the comprehensive assessment by China Chengxin International Credit Rating Co., Ltd., the company's issuer credit rating is AAA, with a stable outlook, and the bond rating is AAA. The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

  12. Guarantee Method: This bond is an unsecured bond.

II. Original Use of Raised Funds for This Bond

  1. Project Construction Investment The raised funds from this bond amounting to RMB 1,650 million are intended for investment in new energy power generation projects. The basic situation of the projects is as follows:

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