Huadian Energy raises 600m yuan in first super short-term paper issuance

Huadian Energy Company Limited has completed the issuance of its "Huadian Energy Company Limited 2025 First Super Short-Term Commercial Paper," with the bond code "012583014." The issuance raised 600 million yuan over a 90-day term, with a coupon rate of 1.69%. The value date for the bonds is December 11, 2025.

The bonds were issued to repay interest-bearing debts and were underwritten by China Construction Bank Corporation and Bank of China Limited. The issuance was conducted through book-building and centralized allotment in the national interbank bond market.

This issuance follows approvals by Huadian Energy's board of directors and shareholders in August and September 2025, respectively, to register and issue super short-term commercial papers totaling up to 1.2 billion yuan and medium-term notes up to 800 million yuan. The company received registration approval from the National Association of Financial Market Institutional Investors on November 27, 2025, valid for two years.