Bloomberg News

China Longyuan Power Said to Sell 950 Million Yuan of Bonds

December 15, 2011

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.

To contact the reporter on this story: Rachel Evans in Hong Kong at revans43@bloomberg.net

To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net


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