CGN Power Co. Raises RMB 1.0 Billion in Debentures

CGN Power Co (HK:1816) has released an update.

CGN Power Co., Ltd. has successfully issued the third tranche of super short-term financing debentures for 2024, raising RMB 1.0 billion with an interest rate of 1.97% and a 268-day maturity. The funds will be utilized to repay the borrowings of the company’s subsidiaries, with China CITIC Bank Corporation Limited managing the issuance process. This financial move bolsters CGN Power Co.’s liquidity and demonstrates its active engagement in the PRC interbank debenture market.

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