Huaneng Power International, Inc. recently announced the successful issuance of its eleventh tranche of super short-term commercial papers for 2025, in accordance with a mandate approved at the 2024 annual general meeting. The mandate permits issuing domestic and/or overseas debt financing instruments, on a rolling basis, with a total outstanding principal amount up to the equivalent of RMB170 billion during the effective period.

The tranche was issued at RMB3 billion with a 50-day maturity and a 1.45% interest rate. Bank of China Limited and Industrial Bank Co., Ltd. served as lead underwriters, forming a syndicate that placed the papers through book-building in the domestic bond market among banks. Proceeds will be allocated to supplement working capital, adjust debt structure, and repay bank loans and debt due.

Relevant details have been made available on China Money and Shanghai Clearing House official websites. According to the announcement, the issuance does not constitute a transaction under Chapter 14 or Chapter 14A of the Listing Rules.