China Longyuan Power Group (HK:0916) has released an update.
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China Longyuan Power Group has successfully issued RMB2 billion in mid-term notes with a 1.85% coupon rate, maturing in three years. The funds will be used to boost daily operations and repay debts, marking a strategic move in managing their financial resources. This issuance was backed by major financial entities, including China Merchants Bank and Industrial and Commercial Bank of China.
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