China Power International Issues RMB2 Billion Short-Term Paper

An announcement from China Power International Development ( (HK:2380) ) is now available.

China Power International Development Limited has issued RMB2 billion in super and short-term commercial paper in China, with a maturity period of 270 days and a coupon rate of 1.69% per annum. The funds raised will be used to repay maturing debts, and the issuance is part of the company’s strategy to manage its financial obligations effectively, maintaining a stable AAA credit rating.

The most recent analyst rating on (HK:2380) stock is a Buy with a HK$3.50 price target. To see the full list of analyst forecasts on China Power International Development stock, see the HK:2380 Stock Forecast page.

More about China Power International Development

China Power International Development Limited is a company incorporated in Hong Kong, operating in the energy sector. It is involved in the development and management of power plants, focusing on providing electricity and related services primarily in the People’s Republic of China.

YTD Price Performance: 5.37%

Average Trading Volume: 30,343,970

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$38.72B

For a thorough assessment of 2380 stock, go to TipRanks’ Stock Analysis page.