Shanghai Electric Power (SHA:600021) raised 2 billion yuan via the issue of bonds, with a term of three years plus an additional period, carrying a coupon rate of 1.65%.
Proceeds will be mainly used to repay maturing bonds, according to a Shanghai bourse filing on Thursday.
Bank of China; Bank of Communications and Shanghai Pudong Development Bank serve as underwriters.
Shares of the power producer fell 3% in recent trade.
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