By Marisa Wong
Morgantown, W.Va., April 25 – CGN Power Co., Ltd. announced it issued RMB 2 billion of three-year notes on Monday and Tuesday. The notes were issued in two tranches of RMB 1 billion each.
The first tranche carries a coupon of 4.7%, and the second tranche bears interest at 4.69%.
Bank of China Ltd. acted as bookrunner for the first tranche, while Shanghai Pudong Development Bank Co., Ltd. acted as bookrunner for the second tranche.
Proceeds from both tranches will be used to repay existing borrowings and to optimize the company’s financial structure.
The nuclear power producer is based in Shenzhen, China.
Issuer: | CGN Power Co., Ltd.
|
Issue: | Mid-term notes
|
Amount: | RMB 2 billion
|
Maturity: | April 25, 2021
|
Settlement dates: | April 23, April 24
|
|
First tranche
|
Amount: | RMB 1 billion
|
Bookrunner: | Bank of China Ltd.
|
Coupon: | 4.7%
|
|
Second tranche
|
Amount: | RMB 1 billion
|
Bookrunner: | Shanghai Pudong Development Bank Co., Ltd.
|
Coupon: | 4.69%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.