Bonds Feb 28

Shanghai Electric Power sells third portion of ultra-short note 

2.5 billion yuan of ultra-short-term financing bonds sold by the utility

(ATF) – Shanghai Electric Power issued the third portion of a 2020 ultra-short-term financing bond on 25 February, state media reported. 

A total of 2.5 billion yuan (US$356 million) of ultra-short-term financing bonds have now been sold by the utility in the national interbank bond market through book placement and centralized placement.

The funds raised were mainly used to repay older debt.