CGN POWER (01816) completed the issuance of the 2026 seventh and eighth tranches of medium-term notes.
CGN POWER (01816) announced that on September 16, 2026, the Company completed the issuance of the 2026 seventh and eighth tranches of medium-term notes (the "MTNs").
CGN POWER (01816) announced that on September 16, 2026, the Company completed the issuance of the 2026 seventh and eighth tranches of medium-term notes (the "Notes").
The seventh tranche of the Notes has an aggregate issuance amount of RMB1 billion, a term of 5 years, a face value of RMB100, and an issuance interest rate of 1.69%. The interest commencement date is September 17, 2026, and the maturity date is September 17, 2031. The seventh tranche of the Notes was publicly issued in the domestic interbank bond market of China through bookbuilding and centralized allocation, with Industrial and Commercial Bank of China Co., Ltd. acting as the bookrunner and organizing the underwriting syndicate.
The eighth tranche of the Notes has an aggregate issuance amount of RMB1 billion, a term of 5 years, a face value of RMB100, and an issuance interest rate of 1.69%. The interest commencement date is September 17, 2026, and the maturity date is September 17, 2031. The eighth tranche of the Notes was publicly issued in the domestic interbank bond market of China through bookbuilding and centralized allocation, with China Merchants Bank Co., Ltd. acting as the bookrunner and organizing the underwriting syndicate.
The proceeds raised from the Notes will be used entirely for the repayment of borrowings by subsidiaries of the Company.
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