Huaneng Power Raises RMB1.5 Billion in Bonds

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

Huaneng Power International, Inc. has successfully issued its seventh tranche of mid-term notes in 2024, raising RMB1.5 billion with a 10-year maturity period and a 2.26% interest rate. The funds will bolster working capital, restructure debt, and repay loans. The offering, underwritten by a syndicate including CITIC Securities and other major financial institutions, was conducted through book-building in the domestic bond market.

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