Longyuan Power (00916) announced that the company had completed the issuance of medium-term notes on January 13, 2022. The total amount of the medium-term notes issued is RMB 2 billion (the same below), the term is 3 years, the unit face value is RMB 100, and the coupon rate is 2.93%. The interest shall be calculated from January 13, 2022. The medium-term notes are publicly offered by Industrial And Commercial Bank Of China Limited(601398) , Bank Of China Limited(601988) as the lead underwriter.
The funds raised in the medium-term notes will be used to replace the existing interest bearing debts of the group headquarters and member units and supplement working capital.
