Huaneng Power International Inc. announced the successful issuance of its seventh tranche of 2026 mid-term notes, raising RMB3.00 billion through a three-year instrument priced at a coupon rate of 1.55%. The notes, each with a face value of RMB100, were placed in the domestic interbank bond market via book-building.
This issuance is executed under the authority granted at the company’s 2025 annual general meeting, which permits Huaneng Power to maintain up to RMB170.00 billion in outstanding domestic and overseas debt financing instruments between the 2025 and 2026 annual general meetings.
China Construction Bank Corporation, Bank of Jiangsu Co., Ltd., and Agricultural Bank of China acted as joint lead underwriters, forming a syndicate for the placement.
Proceeds from the Debentures are earmarked for the repayment of maturing debt, reinforcing the company’s liquidity position.
Huaneng Power confirmed that the transaction does not constitute a notifiable or connected transaction under Chapters 14 and 14A of the Hong Kong Listing Rules. Relevant documentation has been published on the China Money and Shanghai Clearing House websites.
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