China Power International issues RMB2bn blue bond for offshore wind project

China Power International Development Limited announced the registration of its RMB2 billion green medium-term note, specifically a blue bond, in the People's Republic of China on September 23, 2025. This fourth-tranche issuance has a three-year maturity period and a coupon rate of 2% per annum, with a unit face value of RMB100. The unsecured bond received a G1 rating from Lianhe Equator Environmental Impact Assessment Co., Ltd., the highest green rating, and a corporate credit rating of AAA with a stable outlook from Golden Credit Rating International Co., Ltd.

The blue bond proceeds will be fully allocated to the construction and operation of a 450MW offshore wind power project in Shandong Province. Funds will also replenish the project's working capital and repay its interest-bearing debts, aligning with the bond's purpose of supporting ocean sector projects with positive environmental, economic, and climate impacts on marine resources.

The issuance was publicly offered in the interbank bond market by way of a book-building exercise, with Bank of Beijing Co., Ltd., China Construction Bank Corporation, and China CITIC Bank Corporation Limited acting as joint lead underwriters. Relevant documents and financial statements have been disclosed on www.chinamoney.com.cn and www.shclearing.com.cn.