Completion Of 1st Tranche Of

RNS Number : 4316O

Datang Intl Power Generation Co Ld

06 March 2009

 



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: 991)

PRICE-SENSITIVE INFORMATION

Announcement on Completion of the Issue of the First Tranche of 

THE COMPANY's 2009 MEDIUM-term NOTES

Special Notice: The Company and all members of the Board 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 13.09(1)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the 'Listing Rules').  Pursuant to the requirements set out in Chapters 14 and 14A of the Listing Rules, the issue of the medium-term notes does not constitute any transaction within its meaning prescribed therein.

Reference is made to the announcement of Datang International Power Generation Co., Ltd. (the 'Company') dated 30 May 2008.

On 30 May 2008, the shareholders (the 'Shareholders') at the 2007 annual general meeting (the 'AGM') of the Company approved a resolution and agreed to authorise the board of directors of the Company (the 'Board') to issue short-to-medium-term debentures in a principal amount of not exceeding RMB10 billion in the People's Republic of China (the 'PRC') within a term of 12 months effective from the date of approval by the Shareholders at the AGM. 

The Company has completed the issue of the first tranche of the 2009 medium-term notes (the 'Current Medium-term Notes') on 3 March 2009. The principal amount of the Current Medium-term Notes is RMB3 billion with a term of issue of 5 years. The nominal value of the Current Medium-term Notes is RMB100 and the interest rate is 4.10% per annum.

Bank of Communications Co., Ltd. is the lead underwriter while the Agricultural Bank of China is the co-lead underwriter organising the underwriters for the Current Medium-term Notes. The Current Medium-term Notes were issued publicly in the national inter-bank bond market through the book-building and centralised placing processes. The proceeds of the Current Medium-term Notes will be used primarily for replenishing the medium-to-long-term working capital and replacing the bank loans of the Company, facilitating the optimisation of the financing structure of the Company and the reduction of financing costs.

The relevant documents in relation to the issue of the Current Medium-term Notes are announced on the websites of

ChinaMoney (http://www.chinamoney.com.cn) and

ChinaBond (http://www.chinabond.com.cn).

By Order of the Board  

Zhou Gang  

Secretary to the Board 

Beijing, the PRC, 4 March 2009

As at the date of this announcement, the directors of the Company are:Zhai Ruoyu, Hu Shengmu, Cao Jingshan, Fang Qinghai, Zhou Gang, Liu Haixia,Guan Tiangang, Su Tiegang, Ye Yonghui, Li Gengsheng, Xie Songlin*, Liu Chaoan*, 

Yu Changchun*, Xia Qing* and Li Hengyuan*.

* Independent non-executive directors

 

END

 

 

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