China Datang Corporation Renewable Power Co., Limited (Datang Renewable) has finalised the issuance of its 2026 third-tranche ultra-short-term debentures, raising RMB 2.00 billion on 20 April 2026.
The notes carry a tenor of 122 days, setting the maturity date at 21 August 2026, and were priced with a coupon of 1.38% per annum. Interest accrues from 21 April 2026.
Industrial Bank Co., Ltd. acted as sole lead underwriter and bookrunner, while Shanghai Pudong Development Bank Co., Ltd. and Beijing Rural Commercial Bank Co., Ltd. served as joint lead underwriters. The instruments were placed through the PRC inter-bank bond market via centralised book-building and placing.
Net proceeds are earmarked for debt repayment and optimisation of the company’s financing structure. Documentation related to the issuance is available on the Shanghai Clearing House website.
The transaction does not constitute a notifiable or connected transaction under Chapters 14 and 14A of the Hong Kong Listing Rules.
Comments