Gelonghui September 23rd | China Longyuan Power (00916.HK) announced that the company completed the issuance of corporate medium-term notes on September 20, 2024. The medium-term notes are divided into two types. The total amount of issuance for type one of these medium-term notes is 2 billion yuan, with a term of 3 years, a unit face value of 100 yuan, and a coupon rate of 2.12%. The total amount of issuance for type two of these medium-term notes is 1 billion yuan, with a term of 10 years, a unit face value of 100 yuan, and a coupon rate of 2.37%.
The funds raised by these medium-term notes are intended to be used to supplement working capital or repay interest-bearing debts of the company and its subsidiaries.