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Huaneng Lancang River Hydropower to issue RMB 2 bln in bills

May. 31, 2012 (China Knowledge) - Huaneng Lancang River Hydropower Co, controlled by China Huaneng Group, announced that it plans to issue RMB 2 billion worth of 365-day unsecured bills on the interbank market on Jun. 8, sources reported.

Coupon rate will be determined in the process of book-building and the bills be issued at face value.

Both value date and payment due date is Jun. 11 and the to-be-issued bills tradable on Jun. 12.
 
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.

Bank of China Ltd<601988><3988> has been hired as book-runner and lead underwriter for the offering, and China Development Bank will be joint lead underwriter.







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