Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
China Power International Development Limited
中 國 電 力 國 際 發 展 有 限 公 司
(incorporated in Hong Kong with limited liability)
(Stock Code: 2380)
Inside Information
Issuance of RMB2 Billion Medium-Term Note in the PRC
(the second tranche issue among the RMB4 billion medium-term notes registered in 2019)
This announcement is made by China Power International Development Limited (the "Company", and together with its subsidiaries, collectively the "Group") pursuant to Rule
13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Reference is made to the announcement of the Company dated 5 September 2019 in relation to the issuance of medium-term notes (the "Note") by the Company in the interbank bond market in the People's Republic of China (the "PRC") in the aggregate amount of RMB4 billion within an effective registration period of 2 years and the issuance of the first-tranche of the Note for RMB2 billion.
On 23 April 2021, the Company completed the issuance of the second tranche of the Note named "2021-first-trancheNote" with the following principal terms.
Issuer: | China Power International Development Limited |
Principal amount: | RMB2 billion |
Unit face value: | RMB100 |
Coupon rate: | 3.54% per annum |
Maturity period: | 3 years |
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Guarantee: | Unsecured |
Rating agency: | China Chengxin International Credit Rating Co., Ltd. |
Credit rating: | Corporate credit rating of the Company: AAA |
Rating outlook: Stable | |
Credit rating of the 2021-first-tranche Note: AAA | |
Issue method: | Industrial and Commercial Bank of China Limited and Bank |
of China Limited acted as the joint lead underwriters for the | |
2021-first-tranche Note which was publicly offered in the | |
interbank bond market in the PRC by way of a book-building | |
exercise. | |
Use of funds: | Proceeds will be used mainly for (i) repayment of existing |
borrowings and bank loans; and (ii) replenishment of working | |
capital of the Group. |
In connection with the issuance of the 2021-first-tranche Note, the Company published an announcement in the PRC to provide investors with certain information concerning its terms and conditions, the credit rating report and the financial information including the audited consolidated financial statements for the latest three financial years ended 31 December 2017, 2018 and 2019, and the unaudited interim condensed consolidated financial statements for the six months ended 30 June 2020 of the Group. The relevant documents have been disclosed on the websites at www.chinamoney.com.cnand www.shclearing.com.
By Order of the Board
China Power International Development Limited
He Xi
Chairman
Hong Kong, 26 April 2021
As at the date of this announcement, the directors of the Company are: executive director He Xi, non-executive directors Wang Xianchun and Zhou Jie, and independent non-executive directors Kwong Che Keung, Gordon, Li Fang and Yau Ka Chi.
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China Power International Development Ltd. published this content on 26 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2021 13:00:01 UTC.