Datang International Power issues CNY 2bn in medium-term notes

Datang International Power Generation (SSE:601991) announced the successful issuance of CNY 2 billion in medium-term notes. Approved by shareholders in December 2024 with an overall financing limit of CNY 80 billion, the issuance, registered with the National Association of Financial Market Institutional Investors (NAFMII), represents the seventh tranche for 2025. The notes have a term of 5+N years and a par value of CNY 100, bearing a coupon rate of 2.05%. China International Capital Corporation (CICC) acted as the lead underwriter and bookrunner, with CITIC Securities, Guotai Junan Securities, China Securities and Shenwan Hongyuan Securities serving as joint lead underwriters. Proceeds from the issuance will be used to repay interest-bearing debt and supplement working capital. The announcement is dated June 17, 2025.