DATANG RENEW to Redeem RMB1.90 Billion Renewable Bonds in 2026, Opts Against Three-Year Extension

Bulletin Express05-13 16:45

China Datang Corporation Renewable Power Co., Limited (DATANG RENEW, 01798) has announced it will not exercise the embedded extension option on its 2023 Renewable Corporate Bonds (third tranche), code 115510.SH, with a face value of RMB1.90 billion. As a result, the bonds will be fully redeemed on 26 June 2026, the end of their initial three-year interest-bearing cycle.

Key terms of the securities remain unchanged: • Issuance date: 26 June 2023 • Coupon: fixed at 3.20% with annual interest payments every 26 June • Initial tenor: three years, with a one-time option to extend for an additional three years (now declined)

With the non-exercise of the renewal option, the 26 June 2026 interest payment date will also serve as the principal repayment date. CSC Financial Co., Ltd. acted as lead underwriter for the original issuance.

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