Huaneng Power Raises RMB 4.5 Billion in Short-Term Debt

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

Huaneng Power International, Inc. has successfully issued the ninth tranche of super short-term debentures for 2024, raising RMB 4.5 billion with a 92-day maturity and an interest rate of 1.95%. The funds will be allocated to replenishing working capital, optimizing debt structure, and repaying loans. The issuance falls within the RMB 30 billion limit set by the 2023 annual general meeting mandate and does not involve any transaction under certain chapters of the Listing Rules.

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