Huaneng Power International Inc (00902) has announced that it has completed the issuance of the tenth tranche of 2026 medium-term notes (special bonds for energy supply guarantee). The total issuance amount is 2.5 billion yuan, with a term of 2+N years, a face value of 100 yuan per unit, and a coupon rate of 1.67%.
The notes were publicly issued in the inter-bank bond market through a book-building and centralized allocation process. The underwriting syndicate was led by China Merchants Bank Co., Ltd., China Securities Co., Ltd., and Haitong Securities Co., Ltd. The proceeds from this issuance will be used entirely to repay special bonds for energy supply guarantee, as per the stated purpose.
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