By William Gullotti
Buffalo, N.Y., March 14 – China Power International Development Ltd. (Golden Credit: AAA) issued RMB 2 billion of 2.67% three-year corporate bonds, according to an announcement on Thursday.
Guotai Junan Securities Co., Ltd., China Galaxy Securities Co., Ltd. and Zhongtai Securities Co., Ltd. were the joint lead underwriters.
Proceeds will be used for repayment of existing borrowings.
From its headquarters in Hong Kong, the company develops, constructs, owns, operates and manages large power plants in mainland China.
| Issuer: | China Power International Development Ltd.
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| Amount: | RMB 2 billion
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| Issue: | Corporate bonds (CB-2024-1st-tranche)
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| Tenor: | Three years
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| Underwriters: | Guotai Junan Securities Co., Ltd., China Galaxy Securities Co., Ltd. and Zhongtai Securities Co., Ltd.
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| Coupon: | 2.67%
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| Issue date: | March 14
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| Company rating: | Golden Credit: AAA
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