http://www.newenergyworldnetwork.com/investor-news/renewable-energy-news/by-technology/energy-efficiency/huaneng-power-issues-786m-of-new-debentures.html

 

Chinese energy supplier Huaneng Power International has issued RMB5bn ($786m) of super short-term debentures, as part of its RMB20bn ($3.1bn) programme.

 

The debentures have a maturity period of 270 days, a unit face value of RMB100 ($15.7) and a 3.7 per cent interest rate, it was reported in Indonesia Today.

The China Construction Bank Construction and China Merchants Bank will act as joint lead underwriters for the issue.

A spokesperson said that proceeds will be used to settle part of its bank loans and improve its debt structure.