china longyuan power has successfully issued 4 billion yuan corporate bonds
2010-12-30
on december 10, 2010, the china longyuan power has successfully completed the first issuance of corporate bonds and successfully raised 4 billion yuan from the community, including 2 billion yuan 5-year bonds and 2 billion yuan 10-year bonds. this issuance of corporate bonds has been welcomed warmly in the market and has been oversubscribed at 2.5 times.
this successful bonds issuance not only has enhanced the influence of china longyuan power in the domestic capital market, but also obtained a lower issuance interest rate. these bonds are fixed-rate products, which have fixed the financial costs for the enterprise development and effectively resolved the adverse impact of increase in interest rates on the enterprise.