Tianneng Power Unit Sells 340 Million Yuan Bonds
Tianneng Power's (HKG:0819) unit Tianneng Battery Group completed the issue of 340 million yuan bonds to professional investors, according to a Hong Kong bourse filing Thursday.The bonds carry a fixed interest rate of 1.60% per annum and will fall due in three years.The battery manufacturer intends to use proceeds to repay bonds payable.