Huaneng Power International issues 3 bn yuan in short-term bonds

Huaneng Power International Co., Ltd. recently issued its tenth series of super short-term commercial papers for 2025. The bond issuance totaled 3 bn yuan with a term of 92 days. Each unit has a face value of 100 yuan, and the issuance interest rate is 1.53%. China Minsheng Banking Corp., Ltd. and China Construction Bank Corp. acted as lead underwriters, organizing an underwriting syndicate for public issuance in the national interbank bond market.

The proceeds from this bond issuance will be utilized to supplement the company's operating capital, adjust its debt structure, repay bank loans, and settle upcoming maturing bonds.

The company's 2024 annual general meeting, held on June 24, 2025, approved the issuance of domestic and international debt financing instruments with a principal balance not exceeding 170 bn yuan (or equivalent) in a rolling manner. Relevant documents regarding this bond issuance have been published on www.chinamoney.com.cn and www.shclearing.com.cn.