Huaneng Power International Raises 3 Billion Yuan Through Commercial Paper Issue

MT Newswires Live07-09

Huaneng Power International (HKG:0902, SHA:600011) raised 3 billion yuan through the issuance of commercial papers carrying a 1.33% interest rate and maturing in 98 days.

The electric power company will use the proceeds to replenish working capital, optimize its debt structure and repay bank loans and maturing debt, according to a Thursday Hong Kong bourse filing.

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