Huaneng Power International issues 3 bn yuan in short-term commercial papers

Huaneng Power International Co., Ltd. recently completed the issuance of its 2025 eleventh tranche of super short-term commercial papers, totaling 3 billion yuan. These papers have a maturity of 50 days, a face value of 100 yuan per unit, and an attractive interest rate of 1.45%.

The issuance was underwritten by a consortium led by Bank of China Co., Ltd. and Industrial Bank Co., Ltd. The bonds were publicly offered in the national interbank bond market through a book-building and centralized allotment process. The raised capital is earmarked to supplement the company's operating funds, adjust its debt structure, and repay bank loans and maturing bonds.

This follows the company's 2024 annual general meeting on June 24, 2025, where shareholders approved the issuance of domestic and international debt financing instruments. The total principal balance of these instruments is not to exceed 170 billion yuan, with the authorization period extending from the approval date of the 2024 annual general meeting until the conclusion of the 2025 annual general meeting. Relevant documents for this bond issuance are available on www.chinamoney.com.cn and www.shclearing.com.cn.