500freespinsnodeposit| Beijing Enterprises Water Group (00371): issued 500 million yuan medium-term notes with a coupon rate of 2.68%, and a term of 5+N years

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Beijing Water Control Group (00371) successfully issued the second interim note of 2024.500freespinsnodepositWith a total amount of 500 million yuan and a coupon of 2.500freespinsnodeposit.68% is used to repay the loan.

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[Beijing Water Control Group successfully issued 500 million yuan of medium-term notes], Beijing Water Control Group Co., Ltd. (00371) announced that it has successfully issued the second tranche of 2024 medium-term notes to qualified investors on April 18, with a total issue of 500 million yuan.

Current interim note500freespinsnodepositThe maturity is set at 5 years, which means that the note will continue to exist until the issuer redeems it in accordance with the terms of the issue.

According to the results of the relevant bookkeeping and filing, the bill will be entitled to 2. 2% in the first five interest-bearing years500freespinsnodepositA fixed annual interest rate of .68%. From the end of the fifth interest-bearing year, the interest rate will enter the first reset period and then the coupon rate will be reset every five years.

It is worth noting that the replacement date of each coupon is also the date of redemption, and the issuer has the right to redeem the note at face value plus interest payable on the first coupon reset date and on each subsequent payment date.

The main purpose of Beijing Water Control Group's fund-raising is to repay existing debts in order to optimize the company's financial structure.