Huaneng Power (SHA:600011, HKG:0902) RMB5B Financing Instruments Issued

   Date:2012-01-09

Huaneng Power International (SHA:600011, HKG:0902) has on 6 January 2012 completed the issuance of the first tranche of its non-public issuance of debt financing instruments of 2012. The issue size of the instruments was RMB5 billion with a maturity period of 3 years. The unit face value is RMB100 and the issuing interest rate is 5.24%. China Construction Bank (SHA:601939, HKG:0939) acts as the lead underwriter for the debt financing instruments for placing the same to designated investors.

The proceeds from the instruments will be used principally to supplement operational working capital, to support the fast development of Huaneng so as to, at the same time, lower its finance costs and to further adjust the debt structure for strengthening competitiveness.



 

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