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CGN Power Co ( (HK:1816) ) has provided an update.
CGN Power has issued the first and second tranches of its 2026 medium-term notes in the PRC interbank debenture market, raising a total of RMB2 billion. Each tranche amounts to RMB1 billion, carries a three-year maturity to April 22, 2029, and pays an interest rate of 1.63%, with Industrial and Commercial Bank of China and Agricultural Bank of China acting as respective bookrunners.
The company plans to use all proceeds from these medium-term notes to repay borrowings of its subsidiaries, signaling an effort to optimize its debt structure and potentially reduce financing costs across the group. The issuance falls within its previously registered multi-denominated debt financing program and does not constitute a notifiable transaction under Hong Kong listing rules, limiting additional regulatory or shareholder implications.
The most recent analyst rating on (HK:1816) stock is a Sell with a HK$3.20 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 Chinese nuclear power company engaged in the generation and sale of nuclear power and related services, primarily serving the domestic electricity market. Listed in Hong Kong, the company regularly taps onshore debt markets to support its capital-intensive operations and manage the financing needs of its subsidiaries.
Average Trading Volume: 78,641,742
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$240.3B
See more data about 1816 stock on TipRanks’ Stock Analysis page.