China Longyuan celebrating its IPO in Hong Kong in 2009
China Longyuan Power closed a $400 million senior hybrid on Friday evening the first hybrid from a mainland-incorporated company that is listed in Hong Kong.
The company is China’s biggest producer of wind power and a subsidiary of state-owned Guodian group, one of China’s five main power-generating companies.
China Longyuan develops wind farms and sells the electricity they generate to local grid companies. It has aggressive plans to expand its production capacity...