Huaneng Power International (HKG:0902, SHA:600011) has issued its tenth tranche of super short-term commercial papers for this year, raising 3 billion yuan to support working capital and debt repayment, according to an Oct. 24 Hong Kong bourse filing.

Hong Kong-listed shares of the firm were up 2% in Monday's late morning trade.

The 92-day notes carry an interest rate of 1.53% and were issued in China's domestic interbank bond market through a book-building process.

The issuance forms part of the company's 170 billion yuan debt financing mandate approved at its 2024 annual general meeting (AGM), which allows the firm to issue domestic and overseas instruments on a rolling basis until the conclusion of its AGM this year.