Sep. 12, 2012 (China Knowledge) - Huaneng Power International Inc<600011
>, China's largest listed power company, has announced today 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 determined in the process of book-building.
Both value and payment due date is set on Sep.17 and the to-be-issued bills tradable Sep. 18.
China Chengxin International Credit Rating Co Ltd has rated the issuer AAA.
Bank of China Ltd<601988
> has been assigned as lead underwriter and book-runner, and China Everbright Bank Co Ltd<601818> will be the joint lead underwriter for the offering.
This will be the fourth super short-term bills issued by the company this year.
The company's net profit attributable to shareholders rose 87.36% YoY to RMB 2.21 billion in the first half of this year, due to higher power tariffs and effective cost control.