Apr. 11, 2012 (China Knowledge) - Huaneng Power International Inc<600011
>, China's largest listed power company, said that it plans to issue RMB 5 billion worth of 365-day unsecured bills on the interbank market on Apr. 17.
Coupon rate will be determined in the process of book-building and the bills will be issued at face value. Both value date and payment due date is on Apr. 18, and the to-be-issued bills tradable on Apr. 19.
China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.
China Construction Bank Co<601939
> has been hired as lead underwriter for the offering.
This will be the first short-term bills issued the power producer this year.