HUANENG POWER (00902) Completes Issuance of RMB2 Billion Corporate Bonds

Stock News
Oct 28, 2025

HUANENG POWER (00902) announced the successful issuance of its 2025 Science and Technology Innovation Perpetual Corporate Bonds (Sixth Tranche) targeting professional investors. The bonds were divided into two series:

- **Series 1** has a base term of 3 years, with repricing cycles every 3 years. At the end of each cycle, the issuer may extend the term by another cycle or fully redeem the bonds. The actual issuance size was RMB1 billion, with a final coupon rate of 2.05% and a subscription multiple of 5.53. (Bond abbreviation: 25HPI9YK; code: 244052)

- **Series 2** has a base term of 5 years, with repricing cycles every 5 years. Similarly, the issuer holds extension or redemption rights. The actual issuance size was RMB1 billion, with a final coupon rate of 2.28% and a subscription multiple of 3.65. (Bond abbreviation: 25HPI0YK; code: 244053)

The total issuance cap was set at RMB2 billion (inclusive), and the offering concluded on October 28, 2025.

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