China Longyuan Power Group (HKG:0916) completed the issue of 1 billion yuan of ultra short-term debentures on Thursday, a same-day filing on the Hong Kong bourse said.
The bonds, which carry a coupon rate of 1.73% and will fall due in 183 days, were underwritten by China Everbright Bank Company (HKG:6818, SHA:601818).
The power company will use proceeds from the issue to repay debt and replenish working capital.
Price (HKD): $7.08, Change: $+0.05, Percent Change: +0.71%
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