Huaneng Power International (HKG:0902) completed the issuance of 2 billion yuan worth of bonds under its 130 billion yuan debt program, according to a Thursday filing with the Hong Kong bourse.
The debt securities have a maturity period of three years and a 1.8% interest rate.
Proceeds will be used for working capital needs and debt payments.
China Merchants Bank, Bank of China, China Everbright Bank, Bank of Ningbo, and Bank of Hangzhou acted as the lead underwriters.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.