China Longyuan Power Group (HK:0916) has released an update.
China Longyuan Power Group has successfully completed the issuance of RMB 2.0 billion worth of ultra short-term debentures, with a 120-day term and a 1.75% coupon rate. The funds raised are earmarked for replenishing working capital and repaying interest-bearing debt. Industrial Bank Co., Ltd. served as the lead underwriter for this public offering.
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