Issue of 1st Tranche of 2008

RNS Number : 2737E

Datang Intl Power Generation Co Ld

25 September 2008

 

                    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 Issue of first tranche of 2008 short-term debentures

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 short-term debentures does not constitute any transaction within its meaning prescribed therein.

On 30 May 2008, the shareholders (the 'Shareholders') at the 2007 annual general meeting (the 'AGM') of Datang International Power Generation Co., Ltd. (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') and such mandate be effective for a term of 12 months from the date of approval by the Shareholders at the AGM. 

  In early September 2008, the Company received a document titled 'Notice of Acceptance of Registration' (《接受註冊通知書》)( Zhong Shi Xie Zhu [2008] No. CP61) from the National Association of Financial Market Institutional Investors of the PRC. The registered amount of the short-term debentures of the Company is RMB6.5 billion for a term effective until 27 August 2010. Bank of Communications Co., Ltd. will act as the lead underwriter and the Agricultural Bank of China as the co-lead underwriter. The Company may issue the short-term debentures in different tranches within the effective registration period and the issue of the first tranche should be completed within 2 months from registration.  

The Company plans that the first tranche of 2008 short-term debentures (the 'Current Debentures') will be issued publicly in the national inter-bank bond markets on 6 October 2008. The size of issue will be RMB3.5 billion with a term of 365 days. The Current Debentures will be issued at nominal value through the book-building and centralised placing processes. The issue price will be finally determined based on the result of the book-building process. The principal will be repaid together with interests on an one-off basis upon maturity.

Please refer to the website of China Money (http://www.chinamoney.com.cn) and China Bond (http://www.chinabond.com.cn) for the details of the Current Debentures.

By Order of the Board  

Zhou Gang  

Secretary to the Board 

Beijing, the PRC, 24 September 2008

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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