YEIG issues “Belt and Road” bonds

Recently, Yunnan Energy Investment Group (YEIG) successfully issued its third batch of US dollar bonds into international capital markets. The infusion includes 600 million three-year and five-year senior unsecured “Belt and Road” US dollar bonds. The three-year and five-year rates are 3.75 percent and 4.25 percent, respectively.

 The new bonds have cumulatively received orders worth more than 6.5 billion US dollars from 225 professional investment institutions worldwide, and are over-subscribed eleven times. More than 20 percent of the orders were from European and American investors.

The proceeds from the issuance will be earmarked for the YEIG’s “Belt and Road” projects overseas. Over the past two years YEIG has consecutively issued three batches of offshore bonds worth a total of 1.34 billion US dollars. 

 

YEIG issues “Belt and Road” bonds

Recently, Yunnan Energy Investment Group (YEIG) successfully issued its third batch of US dollar bonds into international capital markets. The infusion includes 600 million three-year and five-year senior unsecured Belt and Road US dollar bonds. The three-year and five-year rates are 3.75 percent and 4.25 percent, respectively. The new bonds have cumulatively received orders worth more than 6.5 billion US dollars from 225 professional investment institutions worldwide, and are over-subscribed eleven times. More than 20 percent of the orders were from European and American investors. The proceeds from the issuance will be earmarked for the YEIGs Belt and Road projects overseas. Over the past two years YEIG has consecutively issued three batches of offshore bonds worth a total of 1.34 billion US dollars.