China Datang Renewable Power announces 2025 bond interest payment

China Datang Corporation Renewable Power Co., Limited has announced the payment of 2025 interest for its 2024 renewable corporate bonds. The company will begin paying interest for the period from October 22, 2024, to October 21, 2025, with the payment date set for October 22, 2025. This payment concerns the "24 Tang Xin Y4" bonds, issued with a total amount of RMB1.0 billion and an interest rate of 2.30%.

The interest payment process will be facilitated through a proxy agreement with the Shanghai Branch of China Securities Depository and Clearing Corporation Limited (CSDCC Shanghai Branch). The company will remit the interest of the bonds to CSDCC Shanghai Branch two trading days before the payment date. Subsequently, CSDCC Shanghai Branch will distribute the interest to bondholders via their respective payment institutions.

The bonds, issued to professional investors in 2024, have a validity term where every three interest-bearing years constitutes a repricing cycle. At the end of each cycle, the company has the option to extend the maturity for one repricing cycle (three years) or redeem the bonds in full.