Summary by Futu AI
Huaneng power international limited successfully issued short-term financing bonds in June 25, 2024 annual shareholders meeting, and received approval to issue ultra short-term financing bonds within one year not exceeding 30 billion RMB. The company has successfully issued the 10th series of ultra short-term financing bonds for the year 2024, raising 1 billion RMB with a term of 90 days and an issuance rate of 1.93%. The proceeds from this bond issuance will be used for supplementary operating funds, debt structure adjustment, repayment of bank loans, and maturing bonds. The bonds in this series are underwritten by Bank of Ningbo limited, and are publicly issued in the national interbank bond market. The issuance documents have been announced on the Chinese monetary network and the Shanghai Clearing House website.