Shanghai Electric progresses on upcoming issue of exchangeable bonds

Chicago, March 14 – Shanghai Electric Group Co. Ltd. has obtained the sign-off from the Shanghai Stock Exchange for the issuance of up to RMB 5 billion three-year exchangeable corporate bonds, according to a notice.

The issuer will be Shanghai Electric Holding Group Co., Ltd.

The company plans to start the issuance of the bonds soon.

The bonds will be exchangeable for A shares of the company.

Shanghai Electric is a Chinese multinational power generation and electrical equipment manufacturing company based in Shanghai.

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