China Longyuan Completes Short-Term Debenture Issue

China Longyuan Power Group (HK:0916) has released an update.

China Longyuan Power Group Corporation Limited has successfully issued RMB 2 billion worth of ultra short-term debentures with a 180-day term and a 2.04% coupon rate, following shareholder approval at their 2023 annual general meeting. The debentures, led by Shanghai Pudong Development Bank Co., Ltd., will finance the company’s working capital and debt repayments. This financial move aims to bolster the company’s capital structure and liquidity without offering or soliciting public investment in these securities.

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