China Longyuan placates minority investors with hybrid bond

The deal clears some of the overhang from a looming share placement, helping the windpower company's stock price to rise in response.

China Longyuan placates minority investors with hybrid bond

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...

To continue reading, please login or register for free

Click for more on: china longyuan power

Print Edition

FinanceAsia Print Edition

CONFERENCES