Issue of 1st Tranche of 2008

RNS Number : 4503F

Datang Intl Power Generation Co Ld

09 October 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 Completion of the Issue of the 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.

Reference is made to the announcement of the Company dated 24 September 2008 relating to the issue of the first tranche of the 2008 short-term debentures of the Company.

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') 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 2008 short-term debentures (the 'Current Debentures') on 7 October 2008. The principal amount of the Current Debentures is RMB3.5 billion with a term of 365 days. The nominal value of the Current Debentures is RMB100 and the interest rate is 4.68% 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 Debentures. The Current Debentures were issued publicly in the national inter-bank bond market through the book-building and centralised placing processes. The proceeds of the Current Debentures will be used primarily for replenishing the working capital 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 Debentures 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, 8 October 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

 

 

MSCMLBTTMMTMMAP