Huaneng Lancang River Hydropower issues ¥600m green bonds for rural revitalization

Huaneng Lancang River Hydropower Co., Ltd. recently announced the successful issuance of its 2025 twelfth tranche of green ultra-short-term financing bonds (rural revitalization). The issuance amounted to ¥600 million, with an interest rate of 1.62% and a maturity period of 164 days, at a face value of ¥100 per unit. Following this issuance, the company’s balance of short-term financing bonds (including ultra-short-term financing bonds) stands at ¥80 billion, while medium-term notes (including perpetual medium-term notes) total ¥160 billion.

China Construction Bank served as the lead underwriter for the issuance, which was conducted through book-building and centralized allotment in the national interbank bond market. The proceeds from these bonds will be used to repay interest-bearing debt.

The issuance was approved by the company's 2024 annual general meeting on May 27, 2025, allowing for the issuance of debt financing instruments totaling up to ¥340 billion until June 13, 2026. This includes a maximum of ¥140 billion for short-term financing bonds (including ultra-short-term financing bonds) and ¥200 billion for medium-term notes (including perpetual medium-term notes). The year-end bond principal balance must not exceed ¥230 billion, with specific limits of ¥70 billion for short-term financing bonds and ¥160 billion for medium-term notes.