CPI placement and CB

China Power International raises $300 million from placement, CB

The Chinese power producer draws strong demand from outright and hedge fund investors, and both tranches are upsized in full.
<div style="text-align: left;"> CPI is one of the five leading national power-generating groups in China </div>
<div style="text-align: left;"> CPI is one of the five leading national power-generating groups in China </div>
August 20, 2012

China Power International Development (CPI) has raised Rmb1.14 billion ($180 million) from the sale of a five-year US dollar-settled convertible bond, and raised HK$930.8 million ($120 million) from a concurrent top-up equity placement.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media