Summary by Futu AI
Huaneng Power International, Inc. announced on November 29, 2024, that it has completed the issuance of the 12th phase of ultra-short-term financing bonds for the year 2024. The issuance amount for this bond is 2 billion yuan, with a term of 91 days and an issuance rate of 1.92%. This financing bond was underwritten by Bank of Hangzhou and Industrial Bank, and was publicly issued in the national interbank bond market through book-building and centralized placement. The raised funds will be used to supplement the company's operating capital, adjust the debt structure, and repay bank loans. According to the resolution of the 2023 annual shareholder meeting, the company is authorized to roll over the issuance of ultra-short-term financing bonds with a principal balance not exceeding 30 billion yuan during the annual shareholder meeting period from 2023 to 2024. This issuance does not constitute a trade under Chapter 14 and Chapter 14A of the listing rules. Related documents have been announced on the China Money Network and Shanghai Clearing House websites.