Huaneng Power International issues perpetual bonds and ultra-short-term financing

Huaneng Power International Co., Ltd. announced the completion of its 2025 public offering of technology innovation perpetual corporate bonds to professional investors (Fifth Tranche). The issuance comprised two tranches: Tranche One, for RMB800 million with an interest rate of 2.10% over a 3-year basic term, and Tranche Two, for RMB1.2 billion with an interest rate of 2.32% over a 5-year basic term. Both tranches allow the company to extend the term or fully redeem the bonds. Proceeds will be used for productive expenditures, including repaying interest-bearing debt, supplementing working capital, and funding project investments and operations.

Huaneng Power International also completed the issuance of its 2025 Ninth Tranche of ultra-short-term financing bonds. This issuance raised RMB3 billion with a term of 92 days and an interest rate of 1.50%. These bonds were underwritten by CITIC Bank Corporation Limited and Bohai Bank Co., Ltd. and publicly offered on the national interbank bond market.

The funds from the ultra-short-term financing bonds will be used to supplement the company's working capital, adjust its debt structure, repay bank loans, and address upcoming debt maturities.