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China Longyuan Power Completes 1.8 Billion Yuan Debt Offering

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-- China Longyuan Power (HKG:0916, SHE:001289) said it completed a 1.8 billion yuan issue of ultra short-term debentures, according to a Hong Kong bourse filing Wednesday.

The power company's Hong Kong shares gained 5% in late morning trade Thursday.

The debt has a term of 148 days and a coupon rate of 1.35%.

Proceeds from the sale will be used to repay the company's previously issued debt.

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