HUANENG POWER (00902) completes issuance of 1.5 billion yuan worth of medium-term notes.

HUANENG POWER (00902) announced that the company has recently completed the issuance of the 11th series of medium-term notes (bonds) of HUANENG POWER Limited for the year 2025. The total amount issued for this series of bonds is 1.5 billion Chinese Yuan, with a term of three years, a face value of 100 Chinese Yuan, and an issuance interest rate of 1.67%. The bonds are underwritten by Industrial and Commercial Bank of China Limited, China Construction Bank Corporation Limited, Agricultural Bank Of China Limited, China Development Bank, Industrial Bank Co., Ltd., and China Minsheng Banking Corp., Ltd. as the lead underwriters. The bonds are issued publicly in the national interbank bond market through book-building and centralized distribution. The funds raised from this bond issuance will be used to supplement the company's operating funds, adjust the debt structure, repay bank loans, and repay bonds that are due soon.