Huaneng Lancang River Hydropower issues green innovation bond for debt repayment

Huaneng Lancang River Hydropower recently completed the issuance of its 2025 Eleventh Green Technology Innovation Bond (Rural Revitalization). The bond issuance, with a total value of RMB 1 billion, carries an interest rate of 1.59% and a term of 231 days. Following this issuance, the company's short-term financing bills balance stands at RMB 7.4 billion, and medium-term notes balance is RMB 16 billion.

The 2025 Eleventh Green Technology Innovation Bond (Rural Revitalization) was underwritten by Agricultural Bank of China as lead underwriter and Bank of China as co-underwriter. The bonds were publicly issued in the national interbank bond market, with the raised funds earmarked for repaying interest-bearing debts.

The company's 2024 annual general meeting, held on May 27, 2025, approved the issuance of debt financing instruments. The resolution allows for single or multiple issuances totaling up to RMB 340 billion until June 13, 2026. Specific limits include short-term financing bills not exceeding RMB 140 billion, and medium-term notes not exceeding RMB 200 billion. The year-end principal balance of bonds on December 31 should not exceed RMB 230 billion, with short-term financing bills capped at RMB 70 billion and medium-term notes at RMB 160 billion.