By Marisa Wong
Los Angeles, Sept. 5 – China Power International Development Ltd. issued RMB 2 billion of 3.55% three-year notes on Thursday, according to a company announcement.
Industrial and Commercial Bank of China Ltd. and Bank of China Ltd. acted as joint lead underwriters for the 2019 first tranche medium-term notes.
Proceeds will be used to repay existing borrowings and bank loans.
Hong Kong-based China Power International’s principal business is to develop, construct, own, operate and manage large power plants in mainland China.
| Issuer: | China Power International Development Ltd.
|
| Issue: | Medium-term notes, 2019 first tranche
|
| Amount: | RMB 2 billion
|
| Maturity: | Three years
|
| Underwriters: | Industrial and Commercial Bank of China Ltd. and Bank of China Ltd.
|
| Coupon: | 3.55%
|
| Settlement date: | Sept. 5
|
| Rating: | China Cheng Xin International: AAA
|
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