Huaneng Power International (SHA:600011, HKG:0902) completed the issue of 3 billion yuan of super short-term debentures, a Monday Hong Kong bourse filing said.
The debentures carry an interest rate of 1.47% and will fall due in 62 days.
The electric power company will use proceeds from the issue to supplement working capital, adjust debt structure, and repay bank loans and debt.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.