双债齐发！绿色金融双翼齐飞，泰达股份资源循环战略获资本加持

Core Viewpoint - Tianjin TEDA Resource Recycling Group Co., Ltd. (TEDA) and its subsidiary Tianjin TEDA Environmental Protection Co., Ltd. have successfully issued green financing instruments, marking a significant step in their green development journey [1][9]. Group 1: TEDA's Low-Carbon Transition Bond - TEDA successfully completed the first non-public issuance of low-carbon transition-linked corporate bonds in Tianjin, with a total scale of 1 billion yuan [2]. - The bond consists of two varieties: a three-year bond and a five-year bond, each issued at 500 million yuan, with coupon rates of 2.59% and 3.13% respectively [2]. - The subscription multiples were 3.53 times for the three-year bond and 2.12 times for the five-year bond, indicating strong market interest [3]. - The bond terms are directly linked to the company's low-carbon transition goals, specifically the annual waste processing capacity of its waste-to-energy project, reflecting a commitment to high-quality development and transformation [3][9]. Group 2: TEDA Environmental Protection's Green Asset-Backed Notes - TEDA Environmental Protection successfully issued green asset-backed notes (ABN) with a total scale of 560 million yuan and a five-year term, with an average coupon rate of 2.42% [8]. - The average subscription multiple for this issuance was 2.22 times, demonstrating investor confidence in the company's green development strategy and operational capabilities [8]. - This issuance marks the second successful launch of such green financial instruments by TEDA Environmental Protection, reinforcing its position as a pioneer in the green finance sector [9]. Group 3: Strategic Implications - The successful issuance of these financial instruments injects strong green financial momentum into TEDA's ecological and environmental protection industry, supporting the construction of a circular economy system and contributing to national dual carbon goals [9]. - The issuance aligns with national strategies to promote green development and create a market economy system that supports low-carbon development, as emphasized in the 20th National Congress of the Communist Party of China [9]. - TEDA's innovative products link environmental performance with capital costs, creating a positive cycle of technological upgrades, emission reductions, and financing convenience, positioning its resource recycling business as a national benchmark [9].