DATANG POWER (00991) announced that the company completed the issuance of "Datang International Power Generation Co., Ltd. 2025 Technology Innovation Renewable Corporate Bonds for Professional Investors (Second Tranche)" on July 31, 2025. The issuance scale of this bond offering was RMB 1.6 billion, with a basic term of 3 years. The bonds operate on a cycle basis with every 3 interest-bearing years constituting one cycle. At the end of the agreed basic term and at the end of each cycle, the company has the right to exercise the renewal option to extend one cycle according to the agreed basic term (i.e., extend for 3 years). If the company does not exercise the renewal option, the bonds will be fully redeemed at maturity. The coupon rate for this bond issuance is 1.92%.
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