CGN POWER (01816) completes the issuance of the first tranche of medium-term notes for 2025.

CGN POWER (01816) announced that it has completed the issuance of the first tranche of medium-term notes for the year 2025 on February 28, 2025. The total amount of the first tranche of notes is RMB 2.4 billion, with a maturity of 3 years, a face value of RMB 100, an issuance interest rate of 1.97%, an interest start date of March 3, 2025, and a maturity date of March 3, 2028. The first tranche of notes was underwritten and organized by Industrial and Commercial Bank of China Limited as the bookkeeper and issue manager, and was publicly issued on the interbank bond market in China through bookkeeping and centralized distribution. The funds raised from the issuance of the first tranche of notes will be used to repay the company's soon-to-mature commercial paper and subsidiary loans.