Summary by Moomoo AI
Datang New Energy's renewable corporate bonds issued on February 22, 2023 will be paid on February 22, 2024 with interest from February 22, 2023 to February 21, 2024. THE CURRENT BOND IS CALLED “CHINA DATTANG GROUP NEW ENERGY CO., LTD. TO ISSUE RENEWABLE CORPORATE BONDS TO PROFESSIONAL INVESTORS IN 2023 (PHASE II)”, ABBREVIATED AS “23 TANG NEW Y3”, CODENAMED 138968.SH, WITH A TOTAL ISSUE AMOUNT OF RMB19 BILLION AT A RATE OF 3.62%. The bond is repriced every 3 years and the Company has the option of extending the term or repaying in full. The method of payment is that the Company entrusts the Central Bank to settle and redeem the bonds at the Shanghai branch, and the interest will be paid to the designated account 2 trading days prior to the payment date. If the Company does not contribute enough funds on time, CITIC will terminate the agency services and the Company will pay and settle the interest on its own. The trustee for the payment of this interest is CITIC CITIC INVESTMENT SECURITIES CO., LTD.