By Marisa Wong
Morgantown, W.Va., Aug. 23 – CGN Power Co., Ltd. announced it issued RMB 1 billion of 4.24% three-year notes on Tuesday and Wednesday.
Industrial and Commercial Bank of China Ltd. acted as bookrunner.
This is CGN’s third tranche of mid-term notes. The company sold RMB 2 billion of notes in two tranches in April, as previously reported.
Proceeds from the third tranche will be used to repay loan interest for the company’s subsidiaries and to optimize the company’s financial structure.
The nuclear power producer is based in Shenzhen, China.
| Issuer: | CGN Power Co., Ltd.
|
| Issue: | Mid-term notes, third tranche
|
| Amount: | RMB 1 billion
|
| Maturity: | Aug. 23, 2021
|
| Bookrunner: | Industrial and Commercial Bank of China Ltd.
|
| Coupon: | 4.24%
|
| Settlement dates: | Aug. 21, Aug. 22
|
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