SG brief: China Everbright Water

Water in a fountainWater in a fountain

China Everbright Water proposed Tuesday issuing CNY700 million as the first tranche of perpetual medium-term notes in mainland China to institutional investors in the national inter-bank bond market.

The notes are expected to be issued on 9 and 10 June, the company said in a filing to SGX.

China Everbright Water and the notes have each been given a credit rating of AAA by credit rating agency Shanghai Brilliance Credit Rating & Investors Service, the filing said.