By Wendy Van Sickle
Columbus, Ohio, Aug. 10 – China Datang Corp. Renewable Power Co., Ltd. announced it issued RMB 500 million of 2.85% three-year bonds on Monday.
The bonds have a coupon adjustment option and put option at the end of the second year.
This is the company’s third tranche of corporate bonds for 2021.
CSC Financial Co., Ltd. acted as lead underwriter, and Citic Securities Co. Ltd., Guotai Junan Securities Co., Ltd. and Industrial Securities Co., Ltd. acted as joint underwriters.
Proceeds will be used to repay interest-bearing debt.
The wind, solar and biomass power company is based in Beijing.
| Issuer: | China Datang Corp. Renewable Power Co., Ltd.
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| Issue: | Corporate bonds, 2021 third tranche
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| Amount: | RMB 500 million
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| Maturity: | Three years
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| Underwriters: | CSC Financial Co., Ltd. (lead); Citic Securities Co. Ltd., Guotai Junan Securities Co., Ltd. and Industrial Securities Co., Ltd. (joint)
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| Coupon: | 2.85%, may be adjusted at end of second year
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| Put option: | At end of second year
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| Settlement date: | Aug. 9
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