China Longyuan Power Group Completes Note Issuance

China Longyuan Power Group (HK:0916) has released an update.

China Longyuan Power Group successfully issued mid-term notes totaling RMB 3 billion on September 20, 2024, with the purpose of boosting working capital and repaying debt. The notes are divided into two types, with RMB 2 billion at a 3-year term and a 2.12% coupon rate, and RMB 1 billion at a 10-year term with a 2.37% coupon rate. Leading underwriters included Shanghai Pudong Development Bank Co., Ltd. and several joint lead underwriters.

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