CGN Power Issues 2.4 Billion Yuan Tranche of Mid-Term Bonds

MT Newswires Live

2024/09/19

CGN Power (HKG:1816, SHE:003816) issued the first tranche of mid-term bonds worth 2.4 billion yuan, according to a Thursday filing with the Hong Kong bourse.

The bonds have a 1.99% interest rate and will mature on Sept. 18, 2027.

The company will use the proceeds to repay the maturing super short-term financing debentures of the company as well as the borrowings of the group's units.

The company's stocks were up nearly 3% at Thursday's close.

Price (HKD): $2.90, Change: $+0.080, Percent Change: +2.84%

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