Huaneng Power International Inc (00902) has announced the successful completion of its 2026 eleventh tranche of ultra short-term financing bills. The issuance totaled RMB 2.5 billion with a 65-day tenor and a face value of RMB 100 per unit, carrying an issue rate of 1.33%.
The bills were underwritten by a syndicate led by China Bohai Bank Co Ltd and China Minsheng Banking Corp Ltd, and were publicly offered on the interbank bond market through book-building and centralized placement methods.
Proceeds from the issuance are designated to replenish working capital, optimize the debt structure, repay bank borrowings, and settle upcoming bond maturities.
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