China Longyuan Power Group (SHE:001289, HKG:0916) completed the issue of 2.5 billion yuan of ultra short-term debentures on Thursday, a same-day Hong Kong bourse filing said.

The bonds carry a 1.55% coupon rate and will fall due in 90 days.

The Chinese power company will use proceeds from the issue to replace existing debt and replenish working capital.