Datang Renewable Completes 1 Billion Yuan Bond Offering
China Datang Renewable Power (HKG:1798) completed the third tranche of its renewable corporate bond issuance, raising 1 billion yuan in total, according to a Monday filing with the Hong Kong bourse.The bonds carry interest at a rate of 1.64% and mature in three years.The firm will use proceeds from the sale to repay existing debt and invest in projects.