HUANENG POWER (00902) announced that Huaneng Power International, Inc. has completed the issuance of its 2025 Technology Innovation Renewable Corporate Bonds (Fourth Tranche) targeted at professional investors. The planned issuance amount was up to RMB 1.5 billion (including RMB 1.5 billion).

The bond issuance was structured into two varieties: Variety 1 features a base term of 5 years with each 5-year interest period as one cycle, while Variety 2 was designed with a base term of 10 years with each 10-year interest period as one cycle.

The bond issuance process concluded on September 25, 2025. Variety 1 (bond name: 25HPI5YK, code: 243873) achieved an actual issuance scale of RMB 1.5 billion, with a final coupon rate of 2.33% and a subscription ratio of 2.59 times. Variety 2 was cancelled.