CGN Power Sells 2 Billion Yuan Debentures

MT Newswires Live

03/19

CGN Power (HKG:1816, SHE:003816) issued two tranches of super short-term financing debentures totaling 2 billion yuan, according to a Wednesday Hong Kong bourse filing.

Hong Kong-listed shares of the power supplier were up nearly 1% in Thursday morning trade.

Each tranche amounted to 1 billion yuan, with a 268-day maturity and a 1.50% interest rate, accruing from March 18 and maturing on December 11.

Proceeds will be used to repay borrowings of the company's subsidiaries, the filing showed.

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