Huaneng Renewables Raises USD147.4 Million in Public Offering of 4.29% Debentures Due 2017

Published: Jul 14 2017
Deal Summary

Huaneng Renewables Corporation Limited, a developer and operator of renewable energy projects and a subsidiary of China Huaneng Group, has completed the public offering of 4.29% short-term debentures due November 2017, for gross proceeds of CNY1,000 million (USD147.42 million).

The unit par value is CNY100 (USD14.74) and the interest starts to accrue on July 14, 2017. The debentures were issued in the People's Republic of China (PRC) interbank debenture market by way of book-building and centralized placing.

Industrial and Commercial Bank of China Limited acted as the bookrunner to the company for the offering.

The company intends to use the proceeds to repay loans.

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