By Rebecca Melvin
New York, April 15 – Huaneng Power International, Inc. said it recently issued RMB 3 billion of 3.18% three-year notes, according to an overseas regulatory announcement.
Agricultural Bank of China Ltd. and Bank of China Co., Ltd. acted as lead underwriters for the offering.
The proceeds will be used to repay debt.
Based in Beijing, Huaneng Power develops, constructs and operates large power plants in China.
| Issuer: | Huaneng Power International, Inc.
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| Issue: | Midterm notes
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| Amount: | RMB 3 billion
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| Maturity: | Three years
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| Lead underwriter: | Agricultural Bank of China Ltd. and Bank of China Co., Ltd.
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| Coupon: | 3.18%
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| Announcement date: | April 16
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