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

China Longyuan Power Group Corporation (00916) announced that the company completed the issuance of its medium-term notes on February 21, 2025. The first type of notes has a total issuance amount of RMB 1 billion, a maturity of 3 years, a face value of RMB 100, and a coupon rate of 1.92%. The second type of notes has a total issuance amount of RMB 500 million, a maturity of 5 years, a face value of RMB 100, and a coupon rate of 1.96%. Interest on both types of notes will start accruing from February 24, 2025. China Merchants Bank Co., Ltd. served as the lead underwriter for the public offering of these medium-term notes. The funds raised from the issuance will be used for supplementing working capital or repaying interest-bearing debts of the company and its subsidiaries.