CGN Power completes convertible bond issuance to non-specific investors

CGN Power has completed its online issuance of A Share Convertible Corporate Bonds to non-specific investors, raising RMB4.9 billion. Existing A Shareholders subscribed for RMB3,321,021,800.00 worth of bonds through preferential placement, accounting for 67.78% of the total issuance.

The controlling shareholder, CGNPC, was allocated 30,000,000 bonds valued at RMB3,000,000,000. Online public investors subscribed for 15,789,780 bonds. The issuance allows for conversion into A Shares at RMB3.67 per share.