By William Gullotti
Buffalo, N.Y., Feb. 23 – CGN Power Co., Ltd. issued RMB 2.5 billion of 2.93% three-year notes due Feb. 23, 2025 in a first tranche of medium-term notes for 2022, according to an announcement on Wednesday.
Bookbuilding was conducted by bookrunner and arranger Bank of China Ltd.
Proceeds will be used to repay borrowings of the subsidiaries of the company.
The nuclear power producer is based in Shenzhen, China.
| Issuer: | CGN Power Co., Ltd.
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| Issue: | Medium-term notes, first tranche
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| Amount: | RMB 2.5 billion
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| Maturity: | Feb. 23, 2025
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| Bookrunner: | Bank of China Ltd.
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| Coupon: | 2.93%
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| Issue date: | Feb. 23
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