China Power Extends Asset-Backed Notes Trust Term

China Power International Development (HK:2380) has released an update.

China Power International Development has extended the trust term for its asset-backed notes from 3 to 6 years, as part of its AR Transfer Agreement with SPIC. This extension allows the company to maintain diverse financing channels and underscores the favorable terms secured for the arrangement fee, which aligns with market standards. The decision reflects the company’s strategic approach to financing, ensuring the interests of shareholders are upheld.

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