Zhejiang Provincial Energy Electric Power Co., Ltd. (“Zheneng Electric”) has completed its RMB 10 billion A-share convertible bond offering. The tenor of this CB is 6 years, with coupon rate of 0.5%/ 0.7%/ 1.0%/ 2.0%/ 2.5%/ 2.5%. Initial conversion price is RMB 5.66/share, with conversion period of 2015/4/13—2020/10/12. Credit rating is AAA-rated. CICC worked as Joint Sponsor and Joint Lead Underwriter.