HUANENG POWER (00902) announced the issuance of its 2025 Science and Technology Innovation Corporate Bonds (Phase I) targeting professional investors, with a maximum issuance scale of RMB 2.5 billion (inclusive). The bonds are divided into two series: Series 1 with a 5-year maturity and Series 2 with a 10-year maturity. Based on the book-building results from institutional investors, the issuer and lead underwriter finalized the coupon rate for Series 1 (bond abbreviation: 25HPI01K, code: 244213.SH) at 1.98%. Series 2 (bond abbreviation: 25HPI02K, code: 244214.SH) was not ultimately issued.