---
title: "Tianneng Subsidiary Raises RMB1 Billion in Oversubscribed Tech Innovation Bond"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285372208.md"
description: "Tianneng Power International's subsidiary, Tianneng Battery Group, has successfully raised RMB1 billion through the issuance of technology innovation corporate bonds on the Shanghai Stock Exchange. The bonds, which were oversubscribed at 3.16 times, feature a fixed coupon of 1.58% and options for adjustment and resale. This issuance enhances Tianneng's funding flexibility and supports its innovation-focused strategy in the battery sector."
datetime: "2026-05-06T11:52:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285372208.md)
  - [en](https://longbridge.com/en/news/285372208.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285372208.md)
---

# Tianneng Subsidiary Raises RMB1 Billion in Oversubscribed Tech Innovation Bond

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The latest update is out from Tianneng Power International ( (HK:0819) ).

Tianneng Power International said its subsidiary Tianneng Battery Group has completed the first tranche issuance of its 2026 publicly offered technology innovation corporate bonds to professional investors in China. The bonds, issued on the Shanghai Stock Exchange bond market under CSRC registration, reached an actual size of RMB1 billion, with strong demand reflected in a 3.16-times subscription and a fixed coupon of 1.58%.

The three-year bonds, featuring options for coupon adjustment, issuer redemption and investor resale at the end of the second year, were placed via offline bookbuilding to professional institutional investors and underwritten on a standby basis by CITIC Securities. The successful issuance enhances Tianneng’s onshore funding flexibility and supports its positioning as an innovation-focused battery player, signalling continued access to relatively low-cost capital in China’s bond market.

**More about Tianneng Power International**

Tianneng Power International Limited is a Cayman Islands–incorporated company whose core operations are conducted through Tianneng Battery Group Co., Ltd., an 86.53%-owned subsidiary listed on Shanghai’s Science and Technology Innovation Board. The group focuses on battery and related energy technologies, positioning itself within China’s technology innovation and power solutions sector.

**Average Trading Volume:** 9,597,876

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$7.25B

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