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.