Ming Yang Smart Energy Group Limited (GDR: MYSE) completed the issuance of its third tranche of 2026 Scientific and Technological Innovation Green Bonds on Monday, raising RMB 500 million (US$68.5 million).
The proceeds were received on Tuesday, with the data-value date set accordingly. The bonds carry a 1.85% annual interest rate and a three-year maturity, maturing on August 27, 2029. Each bond has a nominal value of RMB 100, with the issuance code 132680088 and abbreviation 26 MYSE GN003.
The medium-term note program, which has a total limit not exceeding RMB 3 billion, was approved by the company’s board of directors and shareholders in February and March. The National Association of Financial Market Institutional Investors (NAFMII) accepted the registration for the program on April 17. The first tranche was issued in April, followed by the second on July 13.
China CITIC Bank Corporation Limited served as the bookrunner and lead coordinator, while Postal Savings Bank of China Co., Ltd. and China Resources Bank of Guangdong Co., Ltd. acted as joint coordinators for the issuance.
