Longyuan Electric Power (00916) announced that the company has completed the issuance of the company's ultra-short-term financing notes (this ultra-short-term financing note) on January 29, 2024. The total amount of these ultra-short-term financing notes issued is RMB 3 billion, the term is 57 days, the unit face value is RMB 100, and the coupon interest rate is 2.24%. Interest will be calculated starting January 29, 2024.
This ultra-short-term financing note is publicly sold by Bank of Jiangsu Co., Ltd. as the lead underwriter and Bank of Ningbo Co., Ltd. as the co-lead underwriter. The funds raised in these ultra-short-term financing notes will mainly be used to supplement daily working capital and repay interest-bearing debts of the issuer and its subsidiaries.