Overseas Regulatory Announcement
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong
Limited take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any
liability whatsoever for any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.
DATANG INTERNATIONAL POWER GENERATION CO., LTD.
(a sino-foreign joint stock limited company incorporated in the
People's Republic of China)
(Stock Code: 00991)
OVERSEAS REGULATORY ANNOUNCEMENT
ANNOUNCEMENT ON ISSUANCE OF SUPER SHORT-TERM DEBENTURES
Special Notice:
The board of directors (the "Board") and all directors (the "Directors") of the
Company warrant that there are no false representations and misleading
statements contained in, or material omissions from, this announcement, and
severally and jointly accept the responsibility for the truthfulness, accuracy
and completeness of the contents of this announcement.
This announcement is made pursuant to Rule 13.10(B) of the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing
Rules").
As resolved at the 2011 fourth extraordinary general meeting (the "EGM") of
Datang International Power Generation Co., Ltd. (the "Company") held on 6
December 2011, the Company was approved to apply to the National Association of
Financial Market Institutional Investors ("NAFMII") for registering the issue
limit of the super short-term debentures with a principal amount of not
exceeding RMB10 billion within 12 months from the date of approval at the EGM
and to be issued in tranches within the effective period of the registration.
On 24 May 2012, the Company received a "Notification on Acceptance of
Registration" (Zhong Shi Xie Zhu [2012] SCP No.6) from NAFMII confirming the
acceptance of registration of the Company's super short-term debentures. Since
the acceptance of registration of the Company's super short-term debentures by
NAFMII, as at the date of this announcement, the Company issued three tranches
of super short-term debentures, major details of which are as follows:
(1) The Company completed the issuance of "The First Tranche of Datang
International Power Generation Co., Ltd.'s Super Short-term
Debentures in 2013" (the "Current Tranche Super Short-term
Debentures") on 18 January 2013. The issuance amount for the Current
Tranche Super Short-term Debentures was RMB3 billion with a maturity
of 90 days. The unit nominal value is RMB100 and the issuance
interest rate is at 3.98%. Industrial & Commercial Bank of China
Limited and Agricultural Bank of China Limited act as the joint lead
underwriters for the Current Tranche Super Short-term Debentures. The
proceeds from the Current Tranche Super Short-Term Debentures will be
used for replacement of part of the bank borrowings of the Company in
order to adjust debt structure and lower financing costs, and will
also be used to replenish the working capital of the Company.
(2) The Company completed the issuance of "The Second Tranche of Datang
International Power Generation Co., Ltd.'s Super Short-term
Debentures in 2012" (the "Second Tranche Super Short-term Debentures
in 2012") on 12 October 2012. The issuance amount for the Second
Tranche Super Short-term Debentures in 2012 was RMB3 billion with a
maturity of 270 days. The unit nominal value is RMB100 and the
issuance interest rate is at 4.15%. Bank of China Limited and China
Minsheng Banking Corp., Ltd. acted as the joint lead underwriters for
the Second Tranche Super Short-term Debentures in 2012. The proceeds
from such tranche of super short-term debentures were used
principally to replenish the working capital of the Company.
(3) The Company completed the issuance of "The First Tranche of Datang
International Power Generation Co., Ltd.'s Super Short-term
Debentures in 2012" (the "First Tranche Super Short-term Debentures
in 2012") on 18 July 2012. The issuance amount for the First Tranche
Super Short-term Debentures in 2012 was RMB3 billion with a maturity
of 90 days. The unit nominal value is RMB100 and the issuance
interest rate is at 3.26%. China Development Bank Corporation and
Agricultural Bank of China Limited acted as the joint lead
underwriters for the First Tranche Super Short-term Debentures in
2012. The proceeds from the First Tranche Super Short-term Debentures
in 2012 were used principally to replenish the working capital
of the Company. Such tranche of super short-term debentures matured
on 16 October 2012, and the Company repaid the principal as well as
the interests in one-off settlement.
The super short-term debentures issued by the Company are principally used for
replenishment of working capital of the Company or replacement of bank
borrowings, which are beneficial for supporting the Company's rapid development
and to lower its financing costs and thus further adjusting its debt structure,
so as to strengthen the Company's competitiveness.
By Order of the Board
Zhou Gang
Secretary to the Board
Beijing, the PRC, 18 January 2013
As at the date of this announcement, the Directors of the Company are:
Liu Shunda, Hu Shengmu, Cao Jingshan, Fang Qinghai, Zhou Gang, Liu Haixia,
Guan Tiangang, Mi Dabin, Ye Yonghui, Li Gengsheng, Li Yanmeng*, Zhao Zunlian*,
Li Hengyuan*, Zhao Jie*, Jiang Guohua*
* Independent non-executive Directors