Huaneng Power International, Inc. (00902) has announced that its public issuance of corporate bonds to professional institutional investors, with a total scale of no more than RMB 40 billion (inclusive), was registered with the China Securities Regulatory Commission on August 13, 2026, under approval document No. 2109 of 2026.
The bonds will be issued in multiple tranches. The third tranche, the 2026 public issuance of sci-tech innovation corporate bonds to professional investors, will have a size of no more than RMB 1.5 billion (inclusive). Each bond has a face value of RMB 100 and is priced at RMB 100 per bond.
This tranche is divided into two varieties. Variety one has a term of 10 years, while variety two has a term of 15 years. The indicative coupon rate range for variety one is 1.40% to 2.40%, and for variety two it is 1.50% to 2.50%.
The final coupon rate will be determined by the issuer and the lead underwriter based on the results of the offline bookbuilding process. The issuer and lead underwriter will conduct rate inquiries with professional institutional investors on November 10, 2026 (T-1 day) and set the final coupon rate accordingly.
Variety one is abbreviated as "26HPI05K" with the code "246396.SH", and variety two is abbreviated as "26HPI06K" with the code "246397.SH".
Professional institutional investors may participate in the offline subscription through the exchange's centralized bookbuilding system for credit bonds or by submitting the subscription application form to the bookrunner. The minimum offline subscription amount is RMB 10 million (inclusive), and any amount exceeding RMB 10 million must be in integer multiples of RMB 10 million, unless otherwise specified by the bookrunner.
Comments