China Longyuan Power (HKG:0916, SHE:001289) issued ultra short-term bonds worth 2 billion yuan, according to a Hong Kong Stock Exchange filing on Monday.
The bonds have a coupon rate of 1.94% and a term of 179 days.
China Bohai Bank (HKG:9668) is the lead underwriter of the issuance.
The proceeds from the issuance will be used to replenish the power company's daily working capital and pay its debts, the disclosure said.
China Bohai Bank's shares soared less than 7% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.