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Longyuan Power Raises 1.6 Billion Yuan Via Two 240-Day Bond Issues

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China Longyuan Power (SHE:001289, HKG:0916) raised 1.6 billion yuan via the issue of two tranches of 240-day bonds carrying a coupon rate of 1.40%.

Each tranche raised 800 million yuan, with the proceeds earmarked for working capital and debt repayment, according to a Friday filing with the Shenzhen bourse.

Shares of the power company were down 1% in recent trade on the Shenzhen bourse.

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