Summary by Futu AI
China Datang Group New Energy Co., Ltd. ("Datang Renew") announced the successful issuance of the first medium-term notes for the year 2024 on July 23, 2024, raising a total of RMB 1 billion. The notes have a term of 3 years, a face value of RMB 100, an annual interest rate of 2.08%, and an interest start date of July 24, 2024. CITIC Securities acted as the lead underwriter and book manager, while Everbright, Shanghai Pudong Development Bank, and Bank of Jiangsu acted as joint lead underwriters. The proceeds from this issuance will be used to replace interest-bearing debts through centralized distribution in the national interbank bond market. Relevant documents for the issuance can be accessed on the website of China Money and Shanghai Clearing House. This note issuance is not a transaction under Chapter 14 or 14A of the Listing Rules and this announcement does not constitute a purchase offer for any securities.