Chinese power plant operator Huadian Fuxin Energy Corp (HKG:0816) said on Friday it will issue CNY 1.5 billion (USD 237m/EUR 208m) in ultra short-term financing instruments due July 9, 2016.
Huadian Fuxin operates wind, hydropower plants (HPP) and other renewable energy facilities. This represents the company’s second tranche of ultra short-term debt for 2015, it noted.
The annual interest rate of the 270-day notes is yet to be determined, based on the centralized book building result. The ultra short-term credit has an AAA rating set by China Cheng Xin International Credit Rating Group.
Huadian Fuxin’s registered amount for ultra short-term financing instruments is CNY 10 billion in total. Agricultural Bank of China Ltd and China Construction Bank Corp will serve as underwriters for the current tranche.