Shanghai Electric Power issues 2.1 bn yuan in super short-term commercial papers

Shanghai Electric Power Company Limited announced the successful issuance of its 2025 seventeenth tranche of super short-term commercial papers (SCP) on November 18, 2025. The debt financing instrument, identified as "25沪电力SCP017" with code 012500479, carries a fixed interest rate and has a term of 65 days.

The total issuance amount is 2.1 billion yuan, with an issue price of 100 yuan per 100 yuan. The interest commencement date is November 19, 2025, and the maturity date is January 23, 2026. The annualized coupon rate for this tranche is 1.61%. CITIC Securities Co., Ltd. acted as the underwriter for this issuance.

The super short-term commercial papers were publicly offered in the national interbank bond market through a book-building and centralized allotment method. The funds raised from this issuance are primarily intended for the repayment of maturing bonds. The announcement was made by the Board of Directors of Shanghai Electric Power Company Limited on November 20, 2025.