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China Huaneng to issue RMB 4 bln in 92-day bills

Jul. 10, 2012 (China Knowledge) - China Huaneng Group, the country's top power producer and the parent company of Huaneng Power International Inc<600011><0902>, announced that it plans to issue RMB 4 billion in super short-term bills with a maturity of 92 days on the interbank market tomorrow.

According to a statement, the power company said that the bills will be issued at the face value, and the coupon rate will be determined in the process of book-building.

Both value date and payment due date is set on Jul.12 and the to-be-issued bills tradable Jul. 13.

China Lianhe Credit Rating Co Ltd has rated the issuer AAA.

China Development Bank has been assigned as lead underwriter and book-runner for the offering, and China Construction Bank Co<601939><0939> 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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