Kangda International Environmental Company Limited (Kangda Environmental) has completed the issuance of US$50.00 million in 8.0% senior notes maturing in 2029. The transaction closed on 4 September 2026 and marks the company’s first foray into the international debt market since obtaining an international credit rating in May 2026.
The notes carry a fixed coupon of 8.0% per annum, payable semi-annually, and have a three-year tenor. Net proceeds are earmarked for the repayment of existing indebtedness and for general working-capital purposes.
SMBC Nikko Securities (Hong Kong) Limited acted as the sole placing agent. Both the placing agent and the purchaser are independent third parties with no connection to Kangda Environmental or its related parties, according to the board.
Kangda Environmental is incorporated in the Cayman Islands and listed on the Stock Exchange of Hong Kong. The company’s board currently comprises four executive directors and three independent non-executive directors.