CHINA POWER (02380.HK): Issues RMB 1.5 Billion Perpetual MTN in China at 1.73%

NewTimeSpace News: On 12 November 2026, China Power International Development Limited (stock code: 02380) announced, pursuant to Rule 13.09 of the Listing Rules and the inside information provisions of Part XIVA of the Securities and Futures Ordinance, the issue on 11 November 2026 of its second tranche of perpetual medium term notes (Perpetual Notes 2026 Tranche 2) with a principal amount of RMB 1.5 billion.

The announcement disclosed that the notes have a denomination of RMB 100, a coupon of 1.73% per annum for an initial fixed three-year period and a tenor of 3+N(3) years, and are unsecured. China Chengxin International Credit Rating Co., Ltd. assigns the Company a AAA issuer rating with a stable outlook. China CITIC Bank and China Merchants Bank acted as joint lead underwriters, with the notes placed publicly in the China interbank bond market through book-building.

The Company stated that, under its registration with the National Association of Financial Market Institutional Investors for debt financing instruments, it may issue multi-variety instruments in the PRC once or in several tranches within two years from January 2026; it applied to issue two tranches of perpetual medium term notes totalling RMB 3 billion, of which the first RMB 1.5 billion tranche was issued on 28 October 2026. Proceeds from this tranche will repay the Company's maturing debts, and save as disclosed, the terms and conditions are the same as the first tranche.