Subsidiary of TIANNENG POWER Completes Issuance of 340 Million Yuan Corporate Bonds

Stock News
Jun 25

TIANNENG POWER (HKEX: 00819) has announced that its subsidiary, Tianneng Co., Ltd., has completed the issuance of the "Tianneng Battery Group Co., Ltd. 2026 Public Issuance of Technological Innovation Corporate Bonds (For Professional Investors) (Second Tranche)" on June 25, 2026. The bonds, abbreviated as "26 Tianneng K2" with the code 245530.SH, were issued via a private placement to professional institutional investors as defined by the "Corporate Bond Issuance and Trading Management Measures" and the "Shanghai Stock Exchange Bond Market Investor Suitability Management Measures (2023 Revision)".

The actual issuance amount for this tranche of bonds was 340 million yuan, with a subscription multiple of 1.23 times. The bonds have a term of 3 years, a final coupon rate of 1.60%, and were issued at a price of 100 yuan per bond.

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