Huadian Power International Raises 1 Billion Yuan Via Bond Issue; Shares Up 3%
MT Newswires Live
5 hours ago
Huadian Power International (SHA:600027) raised net proceeds of 1 billion yuan via the issue of three-year sci-tech innovation corporate bonds carrying a coupon rate of 1.61%.
Shares of the company rose nearly 3% in late-mornig trade Thursday.
Proceeds will fund debt repayment, working capital replenishment and project investments, according to a Wednesday aftermarket filing with the Shanghai bourse.
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