On March 15, 2023, Beijing Energy International successfully held a green syndicated loan promotion conference in Hong Kong, aiming at introducing the financial framework of this syndicated loan and the company’s business development to major financial institutions. Zhang Ping, chairman of the Board of Directors, Liu Dongsheng, vice president, Huang Hui, vice president and chief financial officer, Wang Yang, chief financial officer, and Wang Xiaorui, director of risk control and compliance attended the meeting.
In order to meet the investment and business development needs of Beijing Energy International’s overseas projects, several rounds of discussions and selection were held before finally determining the USD green syndicated loan program. The base issuance is a three-year senior term loan of US$ 300 million, and the issuance scale may be increased to US$ 500 million if with sound financial market conditions and active participation of banks. HSBC, China Construction Bank (Asia) and Huaxia Bank are the leading banks of this USD green syndicated loan, all of which are large international banks with strong market impact in the Hong Kong’s syndicated loan market. At the same time, the company appointed HSBC as a green financial consultant to make the syndicated loan a green one certified by Hong Kong Quality Assurance Agency in light of the characteristics of the industry and the company’s business development.
Since the company announced its intention to raise green syndicated loans to the market in February of 2023, it has broadly attracted attention from the market. On the promotion day, one hundred and eight representatives of forty-six banks from the mainland and Hong Kong of China, Japan, Europe and other countries or regions came to the promotion site, and another 70 representatives attended the promotion conference by telephone.
During the meeting, Zhang Ping delivered a speech to welcome and thank all colleagues and guests from the financial sector who attended the promotion meeting. He pointed out that thanks to the great attention and support of major shareholders, especially Beijing Energy Holding Co., Ltd., and to the trust and support of financial institution partners, the company has continuously strengthened its top-level design, vigorously expanded its market, comprehensively optimized its governance structure, achieved strong growth in both business scale and operating efficiency, and constantly improved its market position and industry impact. The successful issuance of green syndicated loan will lay a solid foundation for the company to further deepen the cooperation between banks and enterprises, providing impetus for its continuous expansion of international business.
Huang Hui introduced the basic situation, credit highlights and development planning of the company to the attendees. He pointed out that the company is the front-runner of the country’s renewable energy industry and its strong development has important strategic significance for promoting the Beijing Municipal Government’s “14th Five-Year Energy Plan”. In addition, with the strong support of shareholders and the long-term positive policies of the industry, the company will maintain stable financial liquidity and diversified financing channels through an experienced management team and excellent corporate governance system, and constantly optimize various financial parameters to ensure its rapid and healthy development in the future.
HSBC introduced in detail the green financial framework and issuance program of this syndicated loan to the attendees. Representatives from CCB (Asia) and Huaxia Bank delivered speeches wishing the loan a complete success. In the Q&A session, the management of the company interacted with the attendees.
The success of the promotion conference in Hong Kong has been well received in overseas financial markets, showcased a good corporate image of the company in embracing green sustainable development to the market and the industry, highlighted the great attraction of the company’s themed development of sustainability to the financial industry and enhanced its visibility among overseas banking and institutional investors and expanded its branding impact in the capital market.
