China Datang Secures RMB1 Billion from Bonds

China Datang Corp. Renewable Power Co. Ltd. Class H (HK:1798) has released an update.

China Datang Corporation Renewable Power Co., Limited has successfully completed the public issuance of its 2024 first tranche corporate bonds, raising RMB1 billion with a 3-year term and a 2.10% interest rate. The bonds, underwritten by CITIC Securities and others, are intended for professional investors and will fund various productive expenses, including debt repayment and working capital. This move is part of the company’s strategy to bolster its financial position and invest in operations.

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