Shanghai Electric Power completes 2.4 bn yuan bond issuance

Shanghai Electric Power Company Limited announced the successful completion of its 2025 public corporate bonds (First Tranche) issuance to professional investors on October 22, 2025. The bonds have a maturity period of three years.

The total issuance amounted to 2.4 billion yuan. These bonds will bear simple annual interest, with an annual coupon rate of 1.96%. The interest accrual date is October 22, 2025, and the maturity date is October 22, 2028. If the maturity date falls on a legal holiday or rest day, it will be postponed to the next trading day without additional interest during the deferment period. The bonds were issued at a par value of 100 yuan per unit.

The issuance was conducted through an inquiry and allocation process to professional investors as per the "Measures for the Administration of Issuance and Trading of Corporate Bonds," with CITIC Securities Company Limited acting as the lead underwriter. The raised capital will be utilized for repaying maturing bonds.