China Longyuan Power Said to Sell 950 Million Yuan of Bonds

   Date:2011/12/19

Dec. 15 (Bloomberg) -- China Longyuan Power Group Corp. sold 950 million yuan of bonds in Hong Kong, according to a person familiar with the matter.

The sale consisted of 690 million yuan of two-year bonds with a 4.5 percent coupon and 260 million yuan of three-year notes with a 4.75 percent coupon, the person said, asking not to be identified as details are private.

Industrial and Commercial Bank of China (Asia) Ltd., China Development Bank Corp., Agricultural Bank of China Ltd., Bank of Communications Co. and UBS AG arranged the sale, the person said.

Source:businessweek.com

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