By William Gullotti
Buffalo, N.Y., Aug. 22 – Huaneng Power International, Inc. issued RMB 500 million of 2.14% two-year debentures at par, according to an announcement on Monday.
Bank of China Ltd. and Agricultural Bank of China Ltd. were the lead underwriters.
The debentures were placed through book-building and issued in China’s domestic interbank bond market.
The issue is the seventh tranche issued in 2022. The notes were issued under a multicurrency program approved on June 28 for up to RMB 100 billion in either the domestic or international markets.
Proceeds will be used to finance the two 650-megawatt equal capacity substitution coal-fired project of Huaneng Shidongkou No. 1 Power Plant.
The Beijing-based company develops, constructs and operates power plants in China.
| Issuer: | Huaneng Power International, Inc.
|
| Amount: | RMB 500 million
|
| Issue: | Debentures, 2022 seventh tranche
|
| Tenor: | Two years
|
| Bookrunners: | Bank of China Ltd. and Agricultural Bank of China Ltd.
|
| Coupon: | 2.14%
|
| Price: | Par of RMB 100
|
| Yield: | 2.14%
|
| Announcement date: | Aug. 23
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
