Cecep Solar Energy Co.Ltd(000591) on February 22, the company announced that the issuance of "Green Village revitalization corporate bonds (specially used for carbon neutralization) (phase I) to professional investors in 2022" was started. The issuance scale of this bond is no more than 1 billion yuan (including), and the term is 5 years. The issuer's option to adjust the coupon rate and the investor's option to sell back at the end of the third year are attached. The bond is abbreviated as "22 sun G1" and the bond code is 149812.
It is reported that on December 8, 2021, Cecep Solar Energy Co.Ltd(000591) received the relevant registration reply from the China Securities Regulatory Commission (zjxk [2021] No. 3730), agreeing to the company's registration application for public issuance of green corporate bonds with a total face value of no more than 2 billion yuan to professional investors. It is valid for two years and can be issued by stages, The raised funds are intended to repay the principal and interest of interest bearing debts invested in green industry projects and supplement working capital.
According to the issuance announcement, the current bonds are unsecured. According to the comprehensive evaluation of Dongfang Jincheng, the main credit rating of the company is AA +, and the credit rating of the current bonds is AA +. As of September 30, 2021, the net assets of the company at the end of the latest period were 14.972 billion yuan, the consolidated asset liability ratio was 63.13%, and the parent company's asset liability ratio was 10.27%. The average annual distributable profit realized in the last three fiscal years was 934 million yuan (the average value of net profit attributable to the parent in the audited consolidated statements in 2018-2020), which is expected to be no less than 1.5 times the one-year interest of this bond.
The inquiry range of the coupon rate of the current bond is 3.00% - 4.00%. The issuer and the bookkeeping manager will inquire the offline investors about the interest rate on February 23, and determine the final coupon rate of the current bond according to the inquiry. After the issuance, Cecep Solar Energy Co.Ltd(000591) will submit an application for the listing and trading of the bonds to Shenzhen Stock Exchange as soon as possible.