
ENN Energy Launches RMB 4 Billion Asset-Backed Securities Offering

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ENN Energy Holdings Ltd. plans to issue asset-backed securities (ABS) worth up to RMB 4 billion under its Carbon Neutrality Green Asset-Backed Special Program. The Shenzhen Stock Exchange has approved the listing. The ABS will be issued in up to 8 tranches, with the first tranche around RMB 608 million. The securities are backed by equity interests in distributed photovoltaic power generation and energy storage projects, with repayments from generated cash flows.
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