China Power International Development Limited (China Power) completed the first tranche of its 2026 domestic medium-term note (MTN-2026-1st-tranche) on 21 May 2026, raising RMB2.00 billion through the PRC interbank bond market.

The unsecured notes carry a 1.63% annual coupon and mature in three years. Industrial and Commercial Bank of China, Bank of China and Bank of Nanjing acted as joint lead underwriters, placing the securities via a book-building process.

Proceeds from the issuance will be applied to repay a maturing debt, according to the filing.

The MTN forms part of China Power’s renewed debt-financing instrument registration with the National Association of Financial Market Institutional Investors, which is valid for two years from January 2026 and permits the company to issue various instruments, including super short-term and short-term commercial paper, additional medium-term notes, perpetual notes, asset-backed notes and green debt.

Supporting documentation, including audited consolidated financial statements for the financial years ended 31 December 2023, 2024 and 2025, is available on www.chinamoney.com.cn and www.shclearing.com.cn.