Chicago, Aug. 27 – CGN Power Co., Ltd. issued RMB 2.5 billion of 3.62% three-year notes in a first tranche of mid-term notes due Aug. 26, 2023, according to an announcement.
Bookbuilding was conducted by bookrunner and arranger Bank of China Ltd.
Proceeds will be used to repay borrowings of the subsidiaries of the company.
The nuclear power producer is based in Shenzhen, China.
| Issuer: | CGN Power Co., Ltd.
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| Issue: | Mid-term notes, first tranche
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| Amount: | RMB 2.5 billion
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| Maturity: | Aug. 26, 2023
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| Bookrunner: | Bank of China Ltd.
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| Coupon: | 3.62%
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| Issue date: | Aug. 25
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| Announcement date: | Aug. 27
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