Huaneng Power International Issues 3 Billion Yuan in Perpetual Corporate Bonds

MT Newswires Live

09/11

Huaneng Power International (SHA:600011) issued 3 billion yuan in science and technology innovation perpetual corporate bonds.

The issuance consists of a three-year tranche of 2.5 billion yuan with a 2.04% coupon rate and a 10-year tranche of 500 million yuan with a 2.48% coupon rate, according to a Thursday filing on the Shenzhen bourse.

Proceeds will be used for production expenditures, including debt repayment and project funding.

Shares of the power company were down 1% in recent trade.

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