On July 22, Gelonhui announced that Datang Renew (01798.HK) has completed the issuance of its second ultra-short-term financing bond for 2024 on July 19, 2024. The total issuance amount of this financing bond is RMB 0.5 billion, with a term of 120 days (due on November 19, 2024). The face value is RMB 100, with an interest rate of 1.72% and interest starting from July 22, 2024.
The proceeds of this financing bond issuance will be used to repay the company's loans and improve its financing structure.