On April 2, the green asset-backed special plan(ABS) for supporting rural revitalization of Beijing Energy International’s Phase-I Supply Chain Finance was successfully issued, with a preferred scale of 301 million yuan, a duration of two years, a coupon rate of 2.70%, the lowest interest rate in the history of the company’s public offering of bonds, and a subscription multiple of 3.04 times. The ABS manager is China Merchants Securities Asset Management Co., Ltd., and the underwriter is China Merchants Securities. This project is the first supply chain project led by an overseas entity of a state-owned enterprise in the market, marking not only the first breakthrough of its kind in the field of power industry and green rural revitalization, but also the in-depth exploration and active practice of the company in the implementation of green finance and rural revitalization strategy.

The successful issuance of the ABS not only further enriches the company’s financing channels, but also provides a solid financial support for its sustainable development. At the same time, it also guides more funds to flow towards green industries and rural revitalization through innovative ways, promotes the optimization and harmonious development of economic structure, and showcases the corporate social responsibility and the sense of mission of the company as a SOE. Going forward, the company will continue to adhere to the concept of green development, fully capitalize on clean energy projects at home and abroad, strengthen communication and cooperation with partners, jointly promote the prosperity and development of green finance and rural revitalization, contributing more significantly to the harmony of economic, social and environmental development.