Summary by Moomoo AI
China Datang Corporation New Energy Co., Ltd. (Datang New Energy) completed the public issuance of general corporate bonds on August 22, 2024, successfully raising RMB 1 billion in funds. The bonds have a term of 3 years, with a face value of RMB 100 and an annual interest rate of 2.10%, starting on the same day as the issuance. The bond issuance was led by CITIC Securities Co., Ltd. and underwritten jointly by several other securities companies. After deducting the issuance expenses, the raised funds will be used for repayment of interest-bearing debt, replenishment of working capital, project investment, and operation of production-related expenses. Datang New Energy stated that this bond issuance is not an offer to subscribe or purchase any securities, but a public offering targeted at professional investors.