Huaneng Power International announced that the company has completed the issuance of its twelfth tranche of ultra-short-term financing bonds for 2026, with an issuance amount of 2.5 billion yuan, a term of 68 days, a par value of 100 yuan per unit, and a coupon rate of 1.32%. China Everbright Bank and Bank of Beijing acted as lead underwriters for this tranche, which was publicly issued in the national interbank bond market through bookbuilding and centralized placement. The proceeds will be used to supplement the company's working capital, adjust its debt structure, and repay bank borrowings and bonds nearing maturity. The announcement shows that the company's 2025 annual general meeting has approved the rolling issuance of domestic and overseas debt financing instruments with an outstanding principal balance not exceeding the equivalent of 170 billion yuan from the time of approval until the conclusion of the 2026 annual general meeting. This 2.5 billion yuan issuance falls within that 170 billion yuan quota as a rolling issuance.
Huaneng Power International IncHuaneng completed a 2.5 billion yuan ultra-short-term bond issuance at 1.32% to supplement working capital and repay debt, a financing event.
Bank of Beijing Co Ltd
China Everbright Bank Co Ltd