Huaneng Power Issues RMB2 Billion Mid-Term Notes to Refinance Energy Supply Debt

Huaneng Power International ( (HK:0902) ) has provided an announcement.

Huaneng Power International has completed the issuance of its first tranche of mid-term notes for 2026, a RMB2 billion special debenture for energy supply assurance with a 2+N-year maturity and a 1.91% coupon, under a broader mandate allowing the company to issue up to the equivalent of RMB170 billion in domestic and overseas debt instruments between its 2024 and 2025 annual general meetings. The notes, underwritten by China Merchants Bank, CSC Financial and CITIC Securities and placed in the domestic interbank bond market, will be used entirely to refinance existing special debentures for energy supply assurance, effectively rolling over funding to support the company’s ongoing energy security commitments without constituting a notifiable transaction under Hong Kong listing rules.

The most recent analyst rating on (HK:0902) stock is a Hold with a HK$7.00 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, primarily engaged in the investment, construction and operation of power plants, supplying electricity within the People’s Republic of China and to selected overseas markets. Listed in Hong Kong, the company plays a significant role in China’s energy sector, with a focus on ensuring stable power supply and managing large-scale financing for its generation assets.

Average Trading Volume: 28,899,579

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$120.1B

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