CGN Power (01816) has announced the completion of the issuance of its 2026 third and fourth tranche medium-term notes (the "Notes") on August 20, 2026.

The third tranche notes have a total issuance size of RMB 1.8 billion, with a tenor of three years, a face value of RMB 100 per note, and an issue coupon rate of 1.56%. The interest accrual period begins on August 21, 2026, with the maturity date set for August 21, 2029. These notes were publicly offered on the interbank bond market in mainland China, with China Construction Bank Corporation acting as the bookrunner and lead arranger of the underwriting syndicate, utilizing a book-building and centralized placement process.

The fourth tranche notes also have a total issuance size of RMB 1.8 billion, a three-year tenor, a face value of RMB 100, and an identical coupon rate of 1.56%. The interest start date and redemption date are the same as the third tranche—August 21, 2026, and August 21, 2029, respectively. Bank of China Limited served as the bookrunner and lead arranger for the underwriting syndicate, with the notes distributed publicly through the book-building and centralized placement method on the mainland interbank bond market.

Both tranches were issued simultaneously, reflecting the company's ongoing efforts to diversify its funding sources and optimize its debt structure amid the current interest rate environment.