State Grid issued a total of 4 billion RMB bonds with coupon rates of 2.00% and 2.25%.

State Grid Corporation of China (commonly known as "State Grid") has issued 5-year and 10-year Reg S senior unsecured bonds denominated in Renminbi, with credit ratings of A+ stable by S&P, A stable by Fitch, and A1 negative by Moody's.