CGN Power to Pay First-Year Interest on Convertible Bonds

CGN Power (SHE:003816, HKG:1816) will distribute its first-year interest payment for its A-share convertible bonds on Thursday, July 9, according to a Saturday filing with the Shenzhen bourse. The coupon rate for the first year of the bonds is fixed at 0.2%, with the record date set for July 8 and the payment and ex-interest date set for July 9. The bonds, issued in July 2025, have a five-year term maturing in 2031. Shares of the nuclear power producer rose marginally in Hong Kong trade recently.