China Longyuan Power Group (HK:0916) has released an update.
China Longyuan Power Group has successfully issued RMB 2.0 billion worth of ultra short-term debentures with a 113-day term and a 1.77% coupon rate, primarily to boost working capital and repay debt. The issuance, completed on May 22, 2024, was underwritten by Industrial Bank Co., Ltd. This strategic financial move aims to strengthen the company’s liquidity position without offering or soliciting any securities purchases.
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