China Datang issues second tranche of 2025 mid-term notes

China Datang Corporation Renewable Power Co. has successfully issued its second tranche of mid-term notes, maturing in 2025. The issuance, totaling CNY1 billion, carries a term of 3 years. The notes have a par value of CNY100 and an issuing interest rate of 1.79%, with interest accruing from June 9, 2025. Bank of Tianjin Co., Ltd. served as the lead underwriter and bookrunner, with China Construction Bank Corporation acting as the joint lead underwriter. The proceeds from the issuance, after deducting expenses, are earmarked for repaying existing interest-bearing debt, replenishing working capital, and other legal and compliant purposes. Documents relating to the issue are available on the China Money and Shanghai Clearing House websites.