China Power Successfully Issues Second 2024 Corporate Bond on the Exchange

On April 17, 2024, China Power successfully launched the second issue of CNY 1 billion Panda 2024 corporate bonds on the domestic market, with a maturity of 3 years and a coupon rate of 2.39%. The issuance rate not only set a new low for China Power's medium-term bonds, but is also the lowest in history compared with the corporate bonds issued by comparable central enterprises in the same period.

China Power, based on the first issue of the Panda bonds, further expanded the coverage of institutional investors, promoted the understanding of various financial institutions on China Power's transformation into a technology innovation-driven enterprise and high-quality development, received positive responses from investors, and the capital market responded enthusiastically with a subscription rate as high as 3.32 times. The corporate bond issuance further improves China Power's capital structure and continuously enhances China Power's good image in the capital market.