China Longyuan Power Group Corporation (00916) has completed the issuance of medium-term notes.

China Longyuan Power Group Corporation (00916) announced that the company has completed the issuance of its medium-term notes on January 17, 2025. The total amount of the issuance is 2.5 billion yuan, with a maturity of 5 years and a face value of 100 yuan per unit. The coupon rate is 1.93%, and interest will start accruing from January 20, 2025. The medium-term notes were underwritten by Shanghai Pudong Development Bank Co., Ltd. as the lead underwriter, with Industrial and Commercial Bank of China Limited, Bank Of Jiangsu Co., Ltd., Industrial Bank Co., Ltd., and China Merchants Bank Co., Ltd. as joint lead underwriters for the public offering. The funds raised from the issuance will be used to supplement working capital or to repay interest-bearing debts of the company and its subsidiaries.