Dec 30, 2011 - China Power New Energy Development (HKG:0735) Friday said it would issue CNY 800 million (USD 127m/EUR 98m) in five-year Chinese yuan-denominated bonds with an annual coupon of 6.5%.
The company will use the proceeds to back the construction and operation of its clean energy projects and home, as well as to meet other business operations and development needs.
The Hong Kong branch of Standard Chartered Bank (LON:STAN) has been appointed placement agent.
(CNY 1 = USD 0.159/EUR 0.123)
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