Huaneng Power International Issues 2.5 Billion Yuan of Debt Securities

MT Newswires Live

Jul 24

Huaneng Power International (SHA:600011, HKG:0902) issued 2.5 billion yuan of medium-term securities, according to a Friday disclosure to the Shanghai Stock Exchange.

They carry an interest of 1.67% and a term of at least two years.

CITIC Securities (HKG:6030, SHA:600030), CITIC Securities Investment, and Guotai Haitong Securities (HKG:2611, SHA:601211) form an underwriting syndicate for this issuance.

Proceeds will be used to pay back special bonds for energy supply security.

Shares fell 3% in Shanghai and 2% in Hong Kong during morning trading on Friday.

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