Yankuang Energy Group Company Limited Class H (HK:1171) has released an update.
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Yankuang Energy Group has announced the successful pricing and issuance of exchangeable corporate bonds by its controlling shareholder, Shandong Energy Group, amounting to USD 500 million with a 5-year term and a coupon rate of 3.50%. The bonds are exchangeable into the company’s H shares and are set to have no impact on the company’s control, production, or operations. Investors are urged to consider the investment risks associated with the exchangeable bonds issuance.
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