Huaneng Power International, Inc. (stock code: 00902) has completed its fifth tranche issuance of super short-term commercial papers for 2026, raising RMB2.00 billion. The notes carry a 1.46% coupon and mature in 66 days. Each unit has a face value of RMB100 and was placed through a book-building process in the domestic interbank bond market.

The transaction forms part of the RMB170 billion multi-tranche debt issuance mandate approved at the company’s 2024 annual general meeting on 24 June 2025. This authorization allows Huaneng Power to maintain up to RMB170 billion in outstanding domestic and overseas debt instruments through to the close of the 2025 annual general meeting.

China Everbright Bank Co., Ltd. and China Bohai Bank Co., Ltd. acted as joint lead underwriters, coordinating a syndicate for placement among domestic banks. Net proceeds will be directed toward working-capital replenishment, debt structure optimization, and repayment of bank loans and maturing obligations.

According to the announcement, the issuance does not constitute a transaction under Chapters 14 or 14A of the Hong Kong Listing Rules. Related offering documents have been published on the China Money Network and Shanghai Clearing House websites.