Tianneng Power Subsidiary Successfully Issues 660 Million Yuan Corporate Bonds

Stock News07-29 20:20

TIANNENG POWER (00819) has announced that its subsidiary, Tianneng Co., Ltd., completed the issuance of the "Tianneng Battery Group Co., Ltd. 2026 Public Offering of Sci-Tech Innovation Corporate Bonds (for Professional Investors) (Third Tranche)" on July 29, 2026.

The bonds, with the short name "26 Tianneng K3" and code "245760.SH," were issued through an offline book-building and placement process targeting professional institutional investors, as per the regulations outlined in the "Measures for the Administration of Corporate Bond Issuance and Trading" and the "Shanghai Stock Exchange Bond Market Investor Suitability Management Measures (2023 Revision)."

The actual issuance amount for this tranche was 660 million yuan, with a subscription ratio of 1.4 times. The bonds have a term of three years, a final coupon rate of 1.78%, and an issuance price of 100 yuan per bond.

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