Huaneng Power International Raises USD604.5 Million in 10th Tranche of Public Offering of 4.17% Debentures Due 2018

Published: Dec 06 2017
Deal Summary

Huaneng Power International Inc., a developer and operator of power plants, has completed the 10th tranche of the public offering of 4.17% super short-term debentures due March 2018, for gross proceeds of CNY4,000 million (USD604.5 million). The unit face value of the bonds is CNY100 (USD15.11) and was placed through book-building and issued in the domestic bond market among banks.

China CITIC Bank Corporation Limited acted as the lead underwriter to the company for the offering.

The company intends to use the proceeds from to supplement the working capital, adjust debts structure and repay the debt financing instruments due.

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