An announcement from CGN Power Co ( (HK:1816) ) is now available.
CGN Power Co., Ltd. announced the successful issuance of its first tranche of medium-term notes for 2025, amounting to RMB2.4 billion with a three-year maturity and an interest rate of 1.97%. The proceeds will be used to repay maturing short-term financing debentures and subsidiary borrowings, reflecting the company’s strategic financial management and positioning in the PRC interbank debenture market.
More about CGN Power Co
CGN Power Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on the energy sector. It is involved in the issuance of various debt financing instruments, including medium-term notes, to support its operations and financial strategies.
YTD Price Performance: -0.05%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $23.03B
Learn more about 1816 stock on TipRanks’ Stock Analysis page.