Huaneng Power issues CNY 3bn in short-term bonds

Huaneng Power International (SSE:600011) has completed the issuance of its fourth tranche of ultra-short-term financing bonds for 2025. The issuance, totaling CNY 3 billion, has a term of 63 days and carries an interest rate of 1.50% per annum with a par value of CNY 100 per unit. Approved by the company's 2023 Annual General Meeting, the bonds are part of a larger plan to issue up to CNY 30 billion in ultra-short-term financing bonds. Jointly underwritten by the Bank of Hangzhou and China Minsheng Bank, the bonds were publicly offered on the interbank bond market. The proceeds will be used to supplement working capital, optimize the company's debt structure, and repay existing bank loans and maturing debt. Detailed documentation regarding the bond issuance is available on the ChinaMoney website (www.chinamoney.com.cn) and Shanghai Clearing House website (www.shclearing.com.cn). The announcement is dated May 30, 2025.