By Marisa Wong
Madison, Wis., April 18 - Datang International Power Generation Co., Ltd. announced that it issued RMB 5 billion of debt financing instruments on April 18.
The instruments have a maturity of three years and a coupon of 5.08%.
China Construction Bank Ltd. and Agricultural Bank of China Ltd. acted as joint lead managers for the offering.
Proceeds will be used to replenish working capital and to repay borrowings.
This is Datang's first tranche of debt financing instruments for 2012. The company previously announced its plans to issue up to RMB 10 billion of debt financing instruments in tranches within 12 months of having received shareholders' approval on Dec. 6.
The issuer is a subsidiary of China Datang Corp., a state-owned power-generation enterprise group. The subsidiary and the parent company are both based in Beijing.
| Issuer: | Datang International Power Generation Co., Ltd.
|
| Issue: | Debt financing instruments
|
| Amount: | RMB 5 billion
|
| Maturity: | Three years
|
| Coupon: | 5.08%
|
| Managers: | China Construction Bank Ltd., Agricultural Bank of China Ltd.
|
| Settlement date: | April 18
|
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