GD Power Development Co., Ltd. (600795.SH) has raised 26.4 billion yuan from nine batches of super and short-term commercial paper (SCP) issues this year, announced its controlling shareholder - China Guodian Corporation Tuesday.
It said issuing SCP was good for it to lower capital costs and secure smooth supply of capital this year. Earlier on November 25, it floated its ninth batch of SCP, which was a 268-day product sold to raise two billion yuan at 3.1 percent yield, 125 basis points (bp) lower than the comparable lending rates.
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