CPI placement and CB

China Power International raises $300 million from placement, CB

The Chinese power producer draws strong demand from outright and hedge fund investors, and both tranches are upsized in full.

<div style="text-align: left;"> CPI is one of the five leading national power-generating groups in China </div>

August 20, 2012

China Power International Development (CPI) has raised Rmb1.14 billion ($180 million) from the sale of a five-year US dollar-settled convertible bond, and raised HK$930.8 million ($120 million) from a concurrent top-up equity placement.

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