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FINWIRES

Shanghai Electric Power Issues 2.60 Billion Yuan in Super Short-Term Commercial Paper

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Shanghai Electric Power (SHA:600021) issued super short-term commercial paper amounting to 2.60 billion yuan, the 12th tranche of such bonds for the year, according to a weekend disclosure on the Shanghai bourse.

The power company's shares slipped 1% during Monday's afternoon trade.

The fixed-rate bonds have a coupon rate of 1.50% and a term of 170 days, maturing Jan. 22, 2027.

Agricultural Bank of China (SHA:601288, HKG:1288) is the underwriter of the issuance.

Shares of the power producer fell 1% in Monday afternoon trading.

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