GTJAI ELEVATES 2 STATE-OWNED ENTERPRISES IN GREEN BOND ISSUANCES

KUALA LUMPUR, April 11 (Bernama) -- Guotai Junan International Holdings Limited (GTJAI, the Company or the Group) has announced that the Company has assisted Zhuzhou City Construction Development Group Co Ltd (Zhuzhou City Construction Development Group) and Hangzhou Water Group Co Ltd (Hangzhou Water Group) in successfully issuing green bonds, demonstrating its great strength in sustainable finance.

On March 24, GTJAI served as the exclusive green structuring adviser, joint global coordinator, joint bookrunner and joint lead manager assisting Zhuzhou City Construction Development Group to successfully issue three-year US$400 million senior fixed-rate green bonds, making this issuance the first offshore green bond issued by a state-owned enterprise in Hunan Province. (US$1 = RM 4.225)

On March 23, GTJAI, as joint green structuring adviser and joint global coordinator, assisted Hangzhou Water Group successfully in issuing three-year US$300 million offshore senior fixed-rate green bonds.

The issuance was the first time Hangzhou Water Group debuted in the overseas capital market and set a record for the narrowest credit spread among state-owned enterprises recently.

And Hangzhou Water Group also became the first Hangzhou state-owned enterprise with a Moody's rating, the highest international rating in the water industry in China.

Green bond business is one of the key elements of GTJAI to practise sustainable finance and ESG, according to a statement.

Hong Kong-based GTJAI is the market leader and first mover for internationalisation of Chinese Securities Company as well as the first Chinese securities broker listed on the Main Board of The Hong Kong Stock Exchange through initial public offering. It provides diversified integrated financial services.

For more information, visit https://www.gtjai.com.

-- BERNAMA