HUANENG POWER (00902) announced that Huaneng Power International Inc. (the "Issuer") received regulatory approval from the China Securities Regulatory Commission on June 25, 2025 (CSRC License [2025] No. 1335) for the public issuance of corporate bonds to professional institutional investors with a maximum value of RMB 40 billion (including RMB 40 billion).
The current issuance involves Huaneng Power International Inc.'s 2025 Technology Innovation Renewable Corporate Bonds (Fourth Tranche) offered to professional investors, with an issuance scale not exceeding RMB 1.5 billion (including RMB 1.5 billion).
On September 23, 2025, the issuer and lead underwriter conducted coupon rate inquiries among professional institutional investors through offline channels. Based on the bookbuilding results from offline inquiries with professional institutional investors, and following comprehensive consultation and prudent assessment between the issuer and lead underwriter, the final coupon rate for Bond Series 1 (Bond Name: 25HPI5YK, Code: 243873) was determined at 2.33%. Bond Series 2 (Bond Name: 25HPI6YK, Code: 243874) has been cancelled.
The issuer will proceed with offline issuance to professional institutional investors at the aforementioned coupon rate from September 24 to September 25, 2025.