China Power International Development Unit Sells 400 Million Yuan Bond

MT Newswires Live09-04

China Power International Development's (HKG:2380) unit Wu Ling Power issued 400 million yuan of an asset guaranteed debt financing instrument on Tuesday, a Wednesday bourse filing said.

The bond has a coupon rate of 1.97% per annum and will fall due in 181 days.

The intellectual property rights for an intelligent clean energy operation and facilities maintenance technology owned by certain subsidiaries of Wu Ling Power were collateral security against the bonds.

The power producer will use proceeds from the issue to repay existing bank borrowings and supplement daily working capital.

Price (HKD): $3.46, Change: $-0.010, Percent Change: -0.29%

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