Huaneng Power International, Inc. (Huaneng Power) has issued its eighth tranche of mid-term notes for 2026, raising RMB2.00 billion with a three-year tenor and a fixed coupon of 1.55%.\n\nThe transaction falls under the RMB170.00 billion debt-issuance mandate approved at the company’s 2025 annual general meeting, which authorises domestic and overseas debt financing from the AGM date until the conclusion of the 2026 AGM.\n\nChina Minsheng Banking Corp., Ltd. and Industrial and Commercial Bank of China Limited led the underwriting syndicate. The notes were placed through book-building in the domestic inter-bank bond market.\n\nNet proceeds are earmarked to supplement working capital, optimise the debt structure, and repay existing bank loans and maturing obligations.\n\nThe issuance does not constitute a notifiable or connected transaction under Chapters 14 and 14A of the Hong Kong Listing Rules. Relevant documentation is available on the China Money and Shanghai Clearing House websites.