Shanghai Electric Power issues 1.5 bn yuan in short-term bonds

Shanghai Electric Power Co., Ltd. announced the successful issuance of its 2025 fifteenth tranche of super short-term commercial paper, dated November 5, 2025. The debt instrument, "25沪电力SCP015," carries a fixed interest rate and a 120-day maturity.

The total issuance amounted to 1.5 bn yuan, with an annual coupon rate of 1.63%. The pricing was set at 100 yuan per 100 yuan, with interest accruing from November 6, 2025, and maturity on March 6, 2026. China Everbright Bank Co., Ltd. served as the underwriter.

Funds from this issuance are primarily intended for repaying loans from financial institutions. This financing round was conducted through book-building and centralized placement within the national interbank bond market.

National Power Investment Group Finance Co., Ltd., an affiliated party of Shanghai Electric Power, subscribed to 300 million yuan of the debt financing instrument. This issuance reflects the company's ongoing efforts to manage financial obligations and optimize its capital structure.