Datang Intl Power Generation Co Ld
08 June 2007
Datang International Power Generation Co., Ltd.
(a sino-foreign joint stock limited company incorporated in the
People's Republic of China)
(Stock Code: 991)
Completion of the Issue of the First Batch of
2007 Short-term Commercial Papers
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 Rules 14 and 14A of the Listing Rules,
the issue of the short-term commercial papers does not constitute any
transactions within its meaning prescribed therein.
Datang International Power Generation Co., Ltd. (the 'Company') has completed
the issue of the first batch of the 2007 short-term commercial papers (the
'Commercial Papers') on 7 June 2007. The principal amount of the Commercial
Papers is RMB3 billion, with an issue period of 365 days. The nominal value of
the Commercial Papers is RMB100 and the interest rate is 3.48% per annum.
China Minsheng Banking Corporation Limited is the lead underwriter organising
the underwriters for the Commercial Papers. The Commercial Papers were issued
publicly in the national inter-bank bond market through a book-building
centralised placing process. The proceeds of the Commercial Papers will be used
primarily for replenishing the Company's working capital, facilitating the
optimisation of the Company's financing structure and the reduction of financing
costs.
At the 2005 annual general meeting of the Company (the '2005 AGM') held on 20
June 2006, the board of directors (the 'Board') was authorised to issue short-
term Commercial Papers with an aggregate principal amount of not more than RMB4
billion. The authorisation will be effective within a 12-month period from the
date of the 2005 AGM approving the issue. On 4 September 2006, the Company
obtained an approval from the People's Bank of China for the issue of such
short-term Commercial Papers and the Company may issue such Commercial Papers in
batches within the aggregate cap amount of RMB4 billion. On 18 September 2006,
the Company completed the issue of the 2006 short-term Commercial Papers for a
principal amount of RMB1 billion, with a nominal value of RMB100, an issue
period of 270 days and an interest rate of 3.59% per annum.
The relevant documents in relation to the issue of the Commercial Papers are
announced on the websites of ChinaMoney (http://www.chinamoney.com.cn) and
ChinaBond (http://www.chinabond.com.cn).
By Order of the Board
Yang Hongming
Secretary to the Board
Beijing, the PRC, 7 June 2007
As at the date of this announcement, the Directors of the Company are:
Zhai Ruoyu, Zhang Yi, Hu Shengmu, Fang Qinghai, Yang Hongming, Liu Haixia, Guan
Tiangang, Su Tiegang, Ye Yonghui, Tong Yunshang, Xie Songlin*, Xu Daping*, Liu
Chaoan*, Yu Changchun* and Xia Qing*
* Independent non-executive Directors
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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