Appleby Hong Kong has acted as Bermuda counsel to China Everbright Water, relating to the Chinese environmental protection firm’s registration of debt financing instruments in the National Association of Financial Market Institutional Investors in China.

The total registered issue size was up to ¥8 billion ($1.1 billion), and its issuance of the first tranche of medium-term notes was in the principal amount of $0.21 billion under the debt financing Instruments.

Appleby corporate partner in Hong Kong, Judy Lee, led the team working with China Everbright Water.

She said: “This transaction highlights our expertise in the debt capital market and our strong commitment to meet the needs of our clients. We are grateful to our clients for their unwavering trust and support of Appleby and our team will continue to deliver the best for our clients.”

Bermuda-incorporated China Everbright Water focuses on water environment management. It is currently dual listed on the main board of Singapore Exchange Securities Trading Limited and the main board of the Stock Exchange of Hong Kong Limited, with China Everbright Environment Group, as its controlling shareholder.

The debt financing instruments will be issued in multiple tranches. The target subscribers for the 2025 first tranche medium term notes are institutional investors in the national interbank bond market of mainland China.