Huaneng Power International Issues 1.5 Billion Yuan Medium-Term Bonds

MT Newswires Live

Jun 17

Huaneng Power International (SHA:600011, HKG:0902) completed the issuance of medium-term bonds worth 1.5 billion yuan, according to a Hong Kong bourse disclosure on Tuesday.

The bonds have an interest rate of 1.67% and a maturity period of three years.

Industrial and Commercial Bank of China (HKG:1398, SHA:601398), China Construction Bank (HKG:0939, SHA:601939), Agricultural Bank of China (HKG:1288, SHA:601288), China Development Bank, Industrial Bank (SHA:601166), and China Minsheng Banking (HKG:1988, SHA:600016) are the lead underwriters for the issuance.

The proceeds from the bonds will be used to supplement the power company's working capital and pay its debt, the disclosure said.

Huaneng Power's Hong Kong shares rose over 1% in recent trade.

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