By Susanna Moon
Chicago, Aug. 9 – Huaneng Power International, Inc. said it issued RMB 3 billion of 2½% one-year debentures.
The notes were issued at a face value of RMB 100 each in the first tranche of short-term notes for 2016, according to a company announcement.
Bank of China Ltd. is the lead underwriter.
Proceeds will be used to supplement working capital.
The company plans to issue up to RMB 15 billion of short-term debentures in one or multiple tranches within 24 months of a 2014 shareholder meeting held on June 25.
Based in Beijing, Huaneng develops, constructs and operates large power plants in China.
| Issuer: | Huaneng Power International, Inc.
|
| Issue: | Short-term debentures
|
| Amount: | RMB 3 billion
|
| Maturity: | 365 days
|
| Coupon: | 2½%
|
| Lead underwriter: | Bank of China Ltd.
|
| Announcement date: | Aug. 9
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