Dynagreen Environmental Protection Group (HKG:1330) will apply to the relevant regulatory authority for the proposed registration and issue of up to 1 billion yuan of medium-term bonds in China, a Monday filing with the Hong Kong bourse said.

The bonds will have a term of up to 10 years, with the interest rate to be determined through book-building.

The Chinese waste incinerator will use proceeds from the issue mainly to supplement its working capital, repay maturing debts, and for other business activities.