Huaneng Lancang River Hydropower issues new innovation and green bonds

Huaneng Lancang River Hydropower Co., Ltd. recently announced the successful issuance of its 2025 Eighth Phase Technology Innovation Bonds and Tenth Phase Green Ultra-Short-Term Financing Bonds (Rural Revitalization). The company issued 10 bn yuan for each series, with interest rates of 1.64% and 1.62% respectively. The technology innovation bonds have a term of 227 days, while the green ultra-short-term financing bonds have a term of 105 days, both with a face value of 100 yuan per unit.

Following these issuances, the company's outstanding short-term financing bonds (including ultra-short-term financing bonds) now total 64 bn yuan, and its outstanding medium-term notes (including perpetual medium-term notes) amount to 160 bn yuan. China Everbright Bank served as the lead underwriter for both issuances, with China Industrial and Commercial Bank of China acting as joint lead underwriter for the technology innovation bonds, and China Development Bank as joint lead underwriter for the green ultra-short-term financing bonds.

The bond issuances were approved at the company's 2024 Annual Shareholders' Meeting on May 27, 2025. This resolution permits the company to issue debt financing instruments with a total principal balance not exceeding 340 bn yuan between the approval date and June 13, 2026. The funds raised from these bonds will be used to repay interest-bearing liabilities.