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China's Huaneng Power plans to offer renminbi-denominated bonds
By Marisa Wong
Madison, Wis., Jan. 23 - Huaneng Power International, Inc. announced on Wednesday that it plans to offer renminbi-denominated bonds.
The issue size, price, interest rate and maturity will be determined through a book-building exercise.
The company received approval from China's Development and Reform Commission on April 19, 2012 to issue up to RMB 5 billion of debt instruments in Hong Kong. That approval has an effective period of one year.
Based in Beijing, Huaneng develops, constructs and operates large power plants in China.
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