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China Datang Renewable to Redeem 1.9 Billion Yuan Bonds in June

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China Datang Renewable Power (HKG:1798) will not exercise the renewal option for its 1.9 billion yuan renewable corporate bonds and will redeem the notes in full on June 26, according to a Wednesday Hong Kong bourse filing.

Shares of the power supplier were down nearly 3% in Thursday morning trade.

The bonds were issued in June 2023 with a fixed coupon rate of 3.20%.

The company said the bonds carry a three-year basic interest-bearing cycle, with an option to extend the maturity by another three years or settle the bonds in full at the end of the cycle.

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