CHINA WATER (00855) plans to issue senior notes with a principal amount of 150 million US dollars.

CHINA WATER (00855) announced that the company has conducted an international offering of US dollar-denominated senior notes, guaranteed by a subsidiary. On October 15, 2025, the company and its subsidiary guarantors entered into a purchase agreement with Morgan Stanley & Co. International plc, Barclays Bank PLC, China International Finance Hong Kong Securities Limited, CITIC BANK (International) Limited, Deutsche Bank AG Hong Kong Branch, DBS Bank Limited, and Nomura International (Hong Kong) Limited (as initial purchasers) for the issuance and sale of senior notes with a principal amount of USD 150 million maturing in 2030 at a coupon rate of 5.875%. The total proceeds from the issuance of the notes are expected to be approximately USD 148.4 million. The net proceeds will be used to repay certain offshore debts. With this in mind, the company plans to use an amount equivalent to the total proceeds from this offering, either in full or in part, for financing or refinancing eligible green projects (especially water supply projects) in accordance with the green financing framework. The company has received approval from the Stock Exchange of Hong Kong for the listing and quotation of the notes on the Exchange. The issuance of the notes is expected to be completed on October 22, 2025.