HUANENG POWER (00902) completed the issuance of 2.5 billion yuan worth of ultra short-term financing bonds.

HUANENG POWER (00902) announced that the annual general meeting of shareholders of HUANENG POWER Limited for the year 2023 passed a resolution on June 25, 2024, agreeing that the company is authorized to issue super short-term financing bonds with a total principal amount not exceeding RMB 30 billion from the approval of the annual general meeting of shareholders for the year 2023 until the end of the annual general meeting of shareholders for the year 2024, either in one or more tranches. The company recently completed the issuance of the second tranche of super short-term financing bonds for the year 2025. The issuance amount of this tranche is RMB 2.5 billion, with a maturity of 92 days, a face value of RMB 100 yuan per unit, and an issuance interest rate of 2.03%. CEB BANK Limited and Bank Of Ningbo Limited acted as the lead underwriters for this tranche, organizing a syndicate for underwriting through book-building and centralized sales in the national interbank bond market. The funds raised from the issuance of this tranche will be used to supplement the company's operating funds, adjust its debt structure, repay bank loans, and mature bonds.