Datang International Power Generation Issues 3 Billion Yuan Bonds

MT Newswires Live
02/06

Datang International Power Generation (HKG:0991, SHA:601991) completed the issuance of medium-term bonds amounting to 3 billion yuan, according to a Friday disclosure on the Shanghai bourse.

The bonds have a term of two years, which can be extended, and a coupon rate of 1.89%.

China International Capital (HKG:3908, SHA:601995) is the lead underwriter and bookrunner of the issuance.

Proceeds from the issuance will be used to pay debt.

The Chinese power company's Hong Kong shares rose over 2%, while its Shanghai shares rose 1% during the morning trade.

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