002｜China Power Investment Corporation's subsidiary China Power International first issued 1 billion RMB Panda bonds with an interest rate of 1.85%, recording 3.35 times oversubscription

SocialAnxietyStaker · 2026-03-12T06:49:04+00:00

China Power's subsidiary, China Power (China), issued its first 10 billion RMB 3-year Panda bonds with an interest rate of 1.85%, oversubscribed by 3.35 times, demonstrating investors' confidence in its creditworthiness and sustainable growth. The purpose of this issuance is to enhance the company's financing capacity and support the development of renewable energy.

SocialAnxietyStaker

2026-03-12 06:49:04

Abstract generation in progress

CLP Holdings (00002) Subsidiary China Power (China) issues its first Panda bond, issuing a 3-year, 1 billion RMB fixed-rate bond in the China interbank market to further strengthen the company’s cost-effective financing capabilities and support renewable energy development.

The bond’s issuance rate is 1.85%, at the lower end of the subscription rate range, with a 3.35 times oversubscription, reflecting investor confidence in CLP China’s strong and stable credit. Both CLP China and this bond are rated AAA by China’s rating agency, China Chengxin International.

CLP CFO: Accessing more cost-effective financing

CLP Holdings CFO, Jeffrey Lee, said this transaction marks a new milestone for CLP China’s entry into the Panda bond market, enabling the group to obtain financing more cost-effectively and expand to a broader and more diversified investor base, enhancing the group’s long-term financial flexibility. CLP China President, Chen Tao, stated that the market responded enthusiastically to this bond issuance, reflecting investor confidence in CLP China’s financial strength and sustainable growth strategy.

Bank of China acted as the lead underwriter and bookrunner for this issuance, while Standard Chartered (China) served as co-lead underwriter, co-bookrunner, and exclusive green structuring bank.

Financial Hot Talk

Is gold losing its safe-haven role? Are rising tensions sparking concerns over interest rate hikes?

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.