Movement Alert|Huaneng Power International Rises 3.03% in Regular Trading, Completes 3 Billion Yuan Mid-Term Bond Issuance at Low Rate

Market Focus07-17

On July 17, Huaneng Power International rose 3.03% in regular trading, trading at HKD 5.79/share, with turnover of HKD 214 million.

On the news front, the company completed its seventh tranche of mid-term notes for the year, raising 3 billion yuan with a three-year tenor at a coupon rate of just 1.55%. Proceeds will be used to repay maturing bonds. Additionally, the company recently completed a 3 billion yuan 99-day super short-term commercial paper issuance at 1.34%, and a separate 30 billion yuan 98-day tranche at 1.30% earlier this month.

The intensive issuance of multiple debt instruments at consistently low interest rates reflects the company's strong credit profile and robust refinancing capacity. This active liability management strategy is expected to optimize its debt structure and reduce overall financing costs, supporting the capital-intensive operations of one of China's largest power producers.

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