Tianneng Power International Limited (00819.HK) reported that its indirect wholly-owned subsidiary, Tianneng Holding Group Co., Ltd., has completed the registration of “Tranche 1 of 2026 Targeted Green Technology Innovation Bonds” on 16 March 2026.
The bond issue totals RMB0.50 billion, carries a 1-year tenor, and offers a fixed coupon of 1.6% per annum. China Chengxin Securities Rating Co., Ltd. assigned an AA+ issuer credit rating. CITIC Securities acted as lead underwriter and bookrunner, placing the bonds among selected institutional investors in China’s interbank market.
Net proceeds, after issuance expenses, will be applied to repay existing bank borrowings. Management highlighted that the transaction broadens the Group’s funding channels, optimizes its debt structure, and secures financing at a relatively low cost.
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