China Power International Sells 1 Billion Yuan of Five-Year Bonds

MT Newswires Live

2024/10/21

China Power International Development (HKG:2380) issued 1 billion yuan of green medium-term bonds in China, an Oct. 18 bourse filing said.

The bonds carry a coupon rate of 2.28% per annum and will fall due in five years.

The power supplier will use proceeds from the issue to repay an existing green medium-term bond and a loan related to a clean energy power generation project.

Shares of the company closed over 1% lower on Monday.

Price (HKD): $3.62, Change: $-0.040, Percent Change: -1.09%

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