Huadian Power International Raises 1.3 Billion Yuan Via Bond Issue
Huadian Power International (SHA:600027, HKG:1071) raised 1.3 billion yuan in technology innovation perpetual corporate bonds at a coupon rate of 1.63%.Proceeds of the 2+N-year bonds will fund debt repayment, working capital and project investments, according to a Wednesday filing with the Shanghai bourse.China Securities, CITIC Securities, Everbright Securities, CICC, Ping An Securities and Shenwan Hongyuan Securities acted as lead underwriters.Shares of the electric power company were up 2% in recent trade on the Shanghai bourse.