On January 20, Jinneng Holding Shanxi Electric Power Co.Ltd(000767) (000767. SZ) announced that the company plans to apply for registration and issuance of directional debt financing instruments (PPN), with a total amount of no more than 3 billion yuan and an issuance period of no more than three years, which will be used to supplement the company’s working capital and repay the loans of financial institutions.
On the same day, Jinneng Holding Shanxi Electric Power Co.Ltd(000767) announced that Jinneng Holding Shanxi Electric Power Co.Ltd(000767) Shanxi New Energy Co., Ltd. (hereinafter referred to as “new energy company”), a wholly-owned subsidiary of the company, plans to issue asset-backed securities with additional subsidy funds for renewable energy price, with a declared shelf storage limit of 5 billion yuan and an initial issue of no more than 1.5 billion yuan. The asset-backed bonds will be non-public issued to qualified investors and issued in installments within two years. Jinneng Holding Shanxi Electric Power Co.Ltd(000767) will provide margin coverage for priority securities.
The company said that the bond issuance will further broaden the company’s financing channels and optimize the capital source structure and term structure.
It is reported that Jinneng Holding Shanxi Electric Power Co.Ltd(000767) as the power asset listing platform of Jinneng holding group, it undertakes the important task of accelerating the securitization of the group’s power assets. The company actively and steadily completes the injection of high-quality assets in an all-round, multi angle and multi-channel manner in accordance with the ideas of “mature one, load one”, “can install as much as possible” and “stripping inefficient and invalid assets and equity”, Put high-quality assets into listed companies to improve the company’s capital operation ability and direct financing ability.
