Huaneng Power International (HK:0902) has released an update.
Huaneng Power International, Inc. has issued the tenth tranche of their super short-term debentures, raising RMB 1 billion with a 90-day maturity at a 1.93% interest rate. This issuance, part of a larger RMB 30 billion mandate approved at the 2023 annual general meeting, will bolster the company’s working capital and help restructure debt. The transaction, underwritten by Bank of Ningbo Co., Ltd., was placed via book-building in the domestic bond market.
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