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China Datang Corp. Renewable Power Co. Ltd. Class H ( (HK:1798) ) has shared an update.
China Datang Corporation Renewable Power has confirmed it will not exercise the renewal option on its 2023 renewable corporate bonds, third tranche, issued to professional investors on the Shanghai Stock Exchange. The RMB1.9 billion bonds, carrying a fixed 3.20% coupon with a three-year basic interest-bearing cycle, will therefore be settled in full on 26 June 2026 rather than extended for another three-year term.
The decision clarifies the maturity profile of the company’s onshore debt and provides certainty to bondholders regarding principal repayment and cash flow timing. By opting against renewal, the company signals a preference to retire this particular tranche on schedule, which may reflect its current funding strategy, balance sheet considerations, or access to alternative financing channels in China’s credit markets.
The most recent analyst rating on (HK:1798) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on China Datang Corp. Renewable Power Co. Ltd. Class H stock, see the HK:1798 Stock Forecast page.
More about China Datang Corp. Renewable Power Co. Ltd. Class H
China Datang Corporation Renewable Power Co., Limited is a Hong Kong-listed renewable energy producer focused on generating power from clean energy sources in China. The company raises funding in domestic capital markets, including the Shanghai Stock Exchange, through bond issuance targeted at professional investors to support its renewable power operations and expansion.
Average Trading Volume: 21,269,364
Technical Sentiment Signal: Sell
Current Market Cap: HK$12.44B
Find detailed analytics on 1798 stock on TipRanks’ Stock Analysis page.