8th Jun 2007 07:00
Datang Intl Power Generation Co Ld08 June 2007 Datang International Power Generation Co., Ltd. (a sino-foreign joint stock limited company incorporated in the People's Republic of China) (Stock Code: 991) Completion of the Issue of the First Batch of 2007 Short-term Commercial Papers This announcement is made pursuant to Rule 13.09(1)(a) of the Rules Governingthe Listing of Securities on The Stock Exchange of Hong Kong Limited (the"Listing Rules"). Pursuant to the requirements set out in Rules 14 and 14A of the Listing Rules,the issue of the short-term commercial papers does not constitute anytransactions within its meaning prescribed therein. Datang International Power Generation Co., Ltd. (the "Company") has completedthe issue of the first batch of the 2007 short-term commercial papers (the"Commercial Papers") on 7 June 2007. The principal amount of the CommercialPapers is RMB3 billion, with an issue period of 365 days. The nominal value ofthe Commercial Papers is RMB100 and the interest rate is 3.48% per annum. China Minsheng Banking Corporation Limited is the lead underwriter organisingthe underwriters for the Commercial Papers. The Commercial Papers were issuedpublicly in the national inter-bank bond market through a book-buildingcentralised placing process. The proceeds of the Commercial Papers will be usedprimarily for replenishing the Company's working capital, facilitating theoptimisation of the Company's financing structure and the reduction of financingcosts. At the 2005 annual general meeting of the Company (the "2005 AGM") held on 20June 2006, the board of directors (the "Board") was authorised to issue short-term Commercial Papers with an aggregate principal amount of not more than RMB4billion. The authorisation will be effective within a 12-month period from thedate of the 2005 AGM approving the issue. On 4 September 2006, the Companyobtained an approval from the People's Bank of China for the issue of suchshort-term Commercial Papers and the Company may issue such Commercial Papers inbatches within the aggregate cap amount of RMB4 billion. On 18 September 2006,the Company completed the issue of the 2006 short-term Commercial Papers for aprincipal amount of RMB1 billion, with a nominal value of RMB100, an issueperiod of 270 days and an interest rate of 3.59% per annum. The relevant documents in relation to the issue of the Commercial Papers areannounced on the websites of ChinaMoney (http://www.chinamoney.com.cn) andChinaBond (http://www.chinabond.com.cn). By Order of the Board Yang Hongming Secretary to the Board Beijing, the PRC, 7 June 2007 As at the date of this announcement, the Directors of the Company are: Zhai Ruoyu, Zhang Yi, Hu Shengmu, Fang Qinghai, Yang Hongming, Liu Haixia, GuanTiangang, Su Tiegang, Ye Yonghui, Tong Yunshang, Xie Songlin*, Xu Daping*, LiuChaoan*, Yu Changchun* and Xia Qing* * Independent non-executive Directors This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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