27 Jul 2017
Issuance by China Jinjiang Environment Holding Company Limited of US$200 million in aggregate principal amount of 6.0% senior notes due 2020
Partners Chia Kim Huat, Lee Xin Mei, Hoon Chi Tern, Chor Zhi Chao and Associates Farrica Koh and James Chan acted for China Jinjiang Environment Holding Company Limited (“Jinjiang Environment”) in the issuance of US$200 million 6.0% senior notes due 2020, which are listed and quoted on the Singapore Exchange Securities Trading Limited (the “SGX-ST”).
Jinjiang Environment’s issuance of senior notes is the debut issuance by the PRC waste-to-energy (“WTE”) industry in the international debt capital markets, and is also the first time a PRC WTE operator has been assigned an international credit rating. Jinjiang Environment's debut issuance of the Notes marks a milestone for the SGX-listed Jinjiang Environment, together with its subsidiaries (“Group”) as it is an entry point into the international capital markets and a springboard for overseas expansion.
Established in 1998, Jinjiang Environment (中国锦江环境控股有限公司) is the first private WTE operator in the PRC and continues to be the leading WTE operator in the PRC with the largest waste treatment capacity in operation. The Group’s business primarily focuses on the planning, development, construction, operation and management of WTE facilities in the PRC, and has established a presence in India.