Huaneng Power International (SHA:600011, HKG:0902) completed the issue of 2 billion yuan of super short-term debentures, a Monday bourse filing said.
The bonds have an interest rate of 1.77% and will fall due in 77 days, according to the electric power company.
The firm will use proceeds from the issue to supplement working capital, adjust debt structure, and repay bank loans and debt.