HUANENG POWER (00902) has completed the issuance of 4 billion Yuan worth of commercial paper.

HUANENG POWER (00902) announced that it has recently completed the issuance of its 17th tranche of super short-term commercial paper for the year 2023 (this bond). The total issuance amount of this bond is 4 billion RMB, with a term of 37 days, a face value of 100 RMB per unit, and an issuance interest rate of 1.89%. Bank Of Hangzhou Co., Ltd. and Industrial Bank Co., Ltd. are the lead underwriters of this bond, and it is publicly issued through book building and centralized allocation in the national interbank bond market. The proceeds from the issuance of this bond will be used to supplement the company's working capital, adjust the debt structure, repay bank loans, and bonds that are about to mature.