China Longyuan Power Sells 2.2 Billion Yuan Debentures

MT Newswires Live

01/02

China Longyuan Power Group (SHE:001289, HKG:0916) completed the issue of 2.2 billion yuan of coupon rate of 1.7% debentures with a 14-day term, a Wednesday Hong Kong bourse filing said.

Shares of the power firm were up 2% in Friday afternoon trading.

The company will use proceeds to replenish daily working capital and repay debt.

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