China Datang Renewable Issues 2 Billion Yuan in 90-Day Debentures; Shares Slide 4%

MT Newswires Live

10/20

China Datang Renewable Power (HKG:1798) has completed the issuance of its 2025 sixth tranche of ultra-short-term debentures, raising 2 billion yuan, according to an Oct. 17 Hong Kong bourse filing.

Shares of the firm were down nearly 4% in Monday morning trade.

The 90-day debentures, carrying a 1.63% interest rate, mature on Jan. 14, 2026. Interest accrues from Oct. 16.

Datang said the net proceeds will be used to repay borrowings and optimize its financing structure.

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