China Datang Renewable Power (HKG:1798) completed the issuance of 2 billion yuan of renewable corporate bonds on Monday, a same-day Hong Kong bourse filing said.

The bonds carry a 1.85% interest rate and a basic term of three years, according to the wind and other renewable power generation business company.

The firm will use the proceeds from the issue for productive expenses, including the repayment of debt, replenishment of working capital, project investment and operation, and other uses.

Shares of the company were up over 2% in recent trade.