Summary by Moomoo AI
China Longyuan Electric Power Group Co., Ltd. ("China Longyuan") announced that it has completed the issuance of short-term financing bonds on September 12, 2024, raising a total amount of RMB 2 billion. The maturity of the financing bonds is 180 days, with a face value of RMB 100 yuan and a coupon rate of 2.04%. The interest will be calculated from September 13, 2024. Shanghai Pudong Development Bank Co., Ltd. acted as the lead underwriter for this issuance. The funds raised will be used to supplement the working capital of the company and its subsidiaries or repay interest-bearing debts. This issuance is based on the debt financing instrument issuance resolution approved by the shareholders at the 2023 Annual General Meeting.