By Wendy Van Sickle
Columbus, Ohio, Aug. 21 – Huaneng Power International, Inc. issued RMB 2 billion of 3.99% three-year notes, according to an overseas regulatory announcement.
The issuance was the third tranche of mid-term notes that the company has issued this year, and it was sold under a June 16 mandate to issue up to RMB 70 billion of domestic and/or overseas debt financing instruments over the next year.
Industrial and Commercial Bank of China Co., Ltd. and Bank of Ningbo Co., Ltd. acted as the lead underwriters of the issue.
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 2 billion
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| Maturity: | Three years
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| Lead underwriters: | Industrial and Commercial Bank of China Co., Ltd. and Bank of Ningbo Co., Ltd.
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| Coupon: | 3.99%
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| Announcement date: | Aug. 21
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