CGN Power issues two RMB1.00 billion medium-term notes, raising RMB2.00 billion at 1.63% coupon

Bulletin Express04-22

CGN Power Co., Ltd. (CGN Power) completed the issuance of its first and second tranches of 2026 medium-term notes on 21 April 2026, raising a combined RMB2.00 billion through the mainland interbank debenture market.

The two tranches are identical in structure: each has a par value of RMB100, a size of RMB1.00 billion, a three-year tenor and a fixed coupon of 1.63%. Interest begins accruing on 22 April 2026, with maturity set for 22 April 2029.

Industrial and Commercial Bank of China acted as sole bookrunner for the first tranche, while Agricultural Bank of China fulfilled that role for the second tranche; both tranches were placed via book-building and centralized distribution.

CGN Power will apply all proceeds to repay borrowings of its subsidiaries.

The notes fall under the company’s previously registered multi-denominated debt financing programme with the National Association of Financial Market Institutional Investors and do not constitute transactions under Chapters 14 or 14A of the Hong Kong Listing Rules.

Relevant issuance documents have been posted on the websites of Shanghai Clearing House and China Money. CGN Power stated it is not subject to liability for breach of trust in relation to the issuance.

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