Huadian Power International Raises 1.5 Billion Yuan Via 113-Day Bond Issue

MT Newswires Live

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Huadian Power International (SHA:600027) raised 1.5 billion yuan via the issue of 113-day bonds carrying a coupon rate of 1.35%.

Proceeds will be used to repay debts and supplement working capital, according to a weekend filing with the Shanghai bourse.

China CITIC Bank and China Minsheng Banking serve as lead underwriters.

Shares of the power company rose 1% in recent trade.

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