--- title: "Huaneng Power Raises RMB2 Billion in Mid-Term Notes to Refinance Energy Debentures" type: "News" locale: "en" url: "https://longbridge.com/en/news/292048190.md" description: "Huaneng Power International issued RMB2 billion in mid-term notes to refinance existing energy supply assurance debentures. This transaction, the fifth tranche under a shareholder-approved mandate for up to RMB170 billion in debt instruments through 2026, carries a 1.67% interest rate and a 2+N-year maturity. Proceeds are dedicated solely to repaying prior debt, indicating a focus on refinancing rather than increasing net leverage." datetime: "2026-07-08T09:38:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292048190.md) - [en](https://longbridge.com/en/news/292048190.md) - [zh-HK](https://longbridge.com/zh-HK/news/292048190.md) generator: "portal-rs" --- # Huaneng Power Raises RMB2 Billion in Mid-Term Notes to Refinance Energy Debentures Huaneng Power International ( (HK:0902) ) has shared an announcement. Huaneng Power International has received shareholder approval to issue up to the equivalent of RMB170 billion in domestic and overseas debt instruments between its 2025 and 2026 annual general meetings. This mandate allows the power producer to raise funds in multiple tranches on a rolling basis, giving it flexibility to manage its financing needs within and outside the People’s Republic of China. Under this authorization, the company has completed its fifth tranche of mid-term notes in 2026, issuing RMB2 billion of Special Debentures for Energy Supply Assurance with a 2+N-year maturity and a 1.67% interest rate. The notes were underwritten by a syndicate led by CITIC Securities, China Merchants Securities and Guotai Haitong Securities, placed via book-building in the domestic interbank bond market, and the proceeds will be fully used to repay existing energy supply assurance debentures, indicating a focus on refinancing rather than expanding net leverage. The most recent analyst rating on (HK:0902) stock is a Sell with a HK$4.75 price target. To see the full list of analyst forecasts on Huaneng Power International stock, see the HK:0902 Stock Forecast page. **More about Huaneng Power International** Huaneng Power International, Inc. is a major Chinese power generation company, focusing on producing and supplying electricity across the People’s Republic of China and overseas markets. Listed in Hong Kong, the company regularly taps domestic and international debt markets to fund operations and manage its capital structure within approved mandates from its shareholders. Operating within the broader energy and utilities sector, Huaneng Power International plays a key role in supporting grid stability and energy supply assurance. Its financing activities, including mid-term notes and special debentures, are closely aligned with national priorities on securing reliable power and optimizing debt costs, reflecting its strategic positioning in China’s state-linked energy infrastructure. **Average Trading Volume:** 44,500,311 **Technical Sentiment Signal:** Buy **Current Market Cap:** HK$114.8B Learn more about 0902 stock on TipRanks’ Stock Analysis page. ### Related Stocks - [00902.HK](https://longbridge.com/en/quote/00902.HK.md) - [600011.CN](https://longbridge.com/en/quote/600011.CN.md) - [06030.HK](https://longbridge.com/en/quote/06030.HK.md) - [600030.CN](https://longbridge.com/en/quote/600030.CN.md) - [06099.HK](https://longbridge.com/en/quote/06099.HK.md) - [600999.CN](https://longbridge.com/en/quote/600999.CN.md) - [02611.HK](https://longbridge.com/en/quote/02611.HK.md) - [601211.CN](https://longbridge.com/en/quote/601211.CN.md) - [HNPIY.US](https://longbridge.com/en/quote/HNPIY.US.md) ## Related News & Research - [DBS Sticks to Their Hold Rating for Huaneng Power International (HUNGF)](https://longbridge.com/en/news/296446522.md) - [Huaneng Power Profit Slides as Green Shift and Lower Utilisation Hit Interim Results](https://longbridge.com/en/news/296260674.md) - [Are Wall Street Analysts Predicting Atmos Energy Stock Will Climb or Sink?](https://longbridge.com/en/news/296929093.md) - [Daiwa Says HUANENG POWER 2Q Results May Confirm Earnings Have Peaked, Reiterates 'Underperform' Rating](https://longbridge.com/en/news/296296715.md) - [Half of Hong Kong’s public bodies omit emissions data, green group finds](https://longbridge.com/en/news/296732233.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**