Huaneng Power Boosts Capital with New Debenture Issue

Huaneng Power International (HK:0902) has released an update.

Huaneng Power International has successfully issued its eleventh tranche of super short-term debentures for 2024, amounting to RMB4 billion with a 109-day maturity and an interest rate of 1.94%. The proceeds will be utilized to enhance the company’s working capital, restructure debts, and repay bank loans. This financial maneuver demonstrates the company’s strategic efforts in maintaining a robust financial position in the domestic bond market.

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