Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from CGN Power Co ( (HK:1816) ).
CGN Power has issued the third and fourth tranches of its 2026 super short-term financing debentures in China’s interbank market, each with a size of RMB1 billion, a 268-day maturity and a coupon rate of 1.50 percent. The two tranches, arranged respectively by China Merchants Bank and China CITIC Bank, were placed through public book building and centralized placing.
All RMB2 billion in proceeds from these debentures have been allocated to repaying borrowings of the company’s subsidiaries, helping to optimize the group’s debt structure and reduce short-term financing costs. The issuance, which falls within previously registered multi-denominated debt financing quotas, does not trigger any notifiable or connected transaction requirements under Hong Kong’s listing rules and leaves the company free of any liability for breach of trust.
The most recent analyst rating on (HK:1816) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on CGN Power Co stock, see the HK:1816 Stock Forecast page.
More about CGN Power Co
CGN Power Co., Ltd. is a joint stock company incorporated in the People’s Republic of China with limited liability and listed in Hong Kong. The company operates in the power sector, with a focus on generating and supplying electricity, and accesses onshore PRC debt markets through a variety of short- and medium-term financing instruments to support its capital and funding needs.
Average Trading Volume: 59,077,392
Technical Sentiment Signal: Buy
Current Market Cap: HK$223.6B
Learn more about 1816 stock on TipRanks’ Stock Analysis page.