Summary by Moomoo AI
Huaneng Power International, Ltd. passed a resolution at the annual shareholders' meeting on June 25, 2024 to issue super short-term financing bonds of no more than RMB 30 billion within one year. The company has successfully issued the tenth super short-term financing bond of 2024, raising RMB 1 billion with a 90-day maturity and an issue rate of 1.93%. The proceeds from this bond issuance will be used to supplement operating funds, adjust debt structure, repay bank loans, and repay maturing bonds. Bank of Ningbo, Ltd. served as the lead underwriter for this bond issuance, which was publicly offered in the nationwide interbank bond market. The issuance documents have been announced on the China Money Market website and the Shanghai Clearing House website.