China Huadian Overseas to redeem 4% senior perpetual securities on May 29

By Mary-Katherine Stinson

Lexington, Ky., April 18 – China Huadian Overseas Development Management Co. Ltd. will redeem its $500 million 4% senior guaranteed perpetual securities on May 29, according to a notice.

The notes are guaranteed by China Huadian Corp. Ltd.

The securities will be redeemed at their principal amount plus any accrued distribution.

The securities will be delisted from the Hong Kong Stock Exchange following the redemption.

The state-owned power generation company is based in Beijing.

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