CGN Power Co (HK:1816) has released an update.
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CGN Power Co., Ltd. has successfully issued the second tranche of their super short-term financing debentures for 2024, raising RMB 1.5 billion with a 268-day maturity and an interest rate of 1.79%. The proceeds from this issuance are being used to repay the borrowings of the company’s subsidiaries, reflecting the company’s strategic financial management. This financial maneuver demonstrates CGN Power Co.’s proactive approach to managing its debt obligations and optimizing its capital structure.
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