Huaneng Lancang issues ultra-short-term and green bonds

Huaneng Lancang River Hydropower (SSE:600025) announced the successful issuance of its 2025 second phase of ultra-short-term financing bonds and its third phase of green ultra-short-term financing bonds. The issuances totaled CNY 2.6 billion, split between CNY 2 billion and CNY 6 billion respectively. The interest rates were 1.78% and 1.76%, respectively, both with a term of 93 days and a par value of CNY 100 per bond. China Construction Bank served as the lead underwriter and Bank of China as the joint lead underwriter. The company intends to use the raised funds to repay interest-bearing debts. Following this issuance, the company's outstanding short-term financing bonds (including ultra-short-term) stand at CNY 29 billion, and medium-term notes (including perpetual notes) at CNY 173 billion. The issuance was approved by the company's shareholders at the 2023 annual general meeting.