HUANENG POWER (00902) announced that it plans to issue HUANENG POWER International Power Development Corporation's 2025 Technology Innovation Perpetual Corporate Bonds (Fifth Issue) publicly to professional investors from October 16, 2025 (T day) to October 17, 2025 (T+1 day). The net proceeds are intended for productive expenditures, including repayment of interest-bearing debt, supplementing working capital, project investment and operations, and other purposes that comply with legal and regulatory requirements.
The bond issuance scale is capped at 2 billion RMB (including 2 billion RMB). Each bond has a face value of 100 RMB and will be issued at a price of 100 RMB per bond.
The bonds are divided into two varieties: Variety One with a base term of 3 years and Variety Two with a base term of 5 years. The coupon rate inquiry range for Variety One is 1.50%-2.50%, while the coupon rate inquiry range for Variety Two is 1.70%-2.70%.