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Huaneng Power to issue RMB 5 bln in 270-day bills
Jul. 9, 2012 (China Knowledge) - Huaneng Power International Inc<600011><0902>, China's largest listed power company, announced that it plans to issue RMB 5 billion in super short-term bills with a maturity of 270 days on the interbank market tomorrow.
According to a statement, the power company said that the bills will be issued at face value, and the coupon rate will be determined in the process of bookbuilding.
Both value date and payment due date is set on Jul. 11 and the to-be-issued bills tradable Jul. 12.
China Chengxin International Credit Rating Co Ltd has rated the issuer AAA.
Bank of China Ltd<601988><3988> has been assigned as lead underwriter and bookrunner, and Industrial and Commercial Bank of China<601398><1398> will be the joint lead underwriter for the offering.
This will be the second super short-term bills issued by the company this year.
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