09 May 2013
Datang Power Has Successfully Completed Its RMB3 Billion Corporate Bonds Issuance
Datang International Power Generation Co., Ltd. completed its corporate bonds issuance on March 29th, 2013. The RMB3 billion corporate bond represents the first phase of an approved quota of RMB6 billion. It is a 10-year fixed-rate bond with an annualized coupon rate of 5.10%, secured by China Datang Group Co., Ltd. (“Datang Group”). Both the issuer and the bonds are AAA-rated. CICC acted as Sole Sponsor, Sole Underwriter and Trustee Manager in the transaction.