Datang International Power Generation Co., Ltd. (00991), known as Datang Power, has announced the successful completion of its latest bond issuance.

The company issued the third tranche of its 2026 technology innovation perpetual corporate bonds, designated for professional investors. This issuance, valued at 2.5 billion yuan, carries a base term of 5 years, structured in cycles of 5 interest-bearing years each. At the end of the base term and each subsequent cycle, the company has the right to exercise a renewal option, extending the bond by another 5-year cycle. If the company does not exercise this option, the bond will be fully redeemed at maturity.

The bond's coupon rate has been set at 1.77%, with the interest accrual starting on August 7, 2026. This offering is part of a larger program, where the company has received regulatory approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission to issue up to 30 billion yuan in corporate bonds to professional investors.