May. 22, 2012 (China Knowledge) - Beijing Jingneng Clean Energy Co Ltd<0579>, which focuses on the generation of wind power, hydropower and photovoltaic power, plans to issue RMB 3.6 billion bonds on the interbank market.

One of the two tranches of the to-be-issued bonds are valued at RMB 2 billion, with a maturity of three years, while the other tranche, valued at RMB 1.6 billion, will have a maturity of five years.

Beijing Energy Investment Holding Co Ltd will provide guarantee for the issue.

Both the issuer and bonds have been rated AAA and AAA, respectively.

China Merchants Securities Co Ltd<600999> and UBS Securities have been assigned as the lead underwriter and bookrunner.

Beijing Jingneng Clean Energy, which listed on the Hong Kong Stock Exchange at the end of last year, has posted RMB 803 million-net profit for 2011, reflecting a YoY increase of 64.33%. Earnings per share for last year reached RMB 0.16.