Huaneng Power issues CNY 1.5bn in medium-term notes

Huaneng Power International (SSE: 600011) announced the successful issuance of CNY 1.5 billion in medium-term notes, marking the completion of its 2024 debt financing plan approved during the 2023 annual shareholder meeting and set to end at the close of the 2024 annual shareholder meeting. The notes, with a tenor of 3+N years, were priced at par with an interest rate of 2.06%. They were offered through book-building and allocation to the national interbank bond market. The goal of the issuance is to reinforce the company's working capital, rebalance its debt structure, repay debts, and refinance bonds due for maturity.