Huaneng navigates geopolitical concerns, UST rise for $1bn

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By Morgan Davis
13 Jan 2021

State-owned electricity generator China Huaneng Group Co priced a dual-tranche $1bn bond on Tuesday, overcoming complications emerging from rising US Treasury rates and geopolitical concerns.

Global co-ordinators Agricultural Bank of China Hong Kong branch, Bank of China and Citi, with lead managers and bookrunners ICBC (Asia), Industrial Bank Hong Kong branch, JP Morgan and Mizuho, opened orders for the five year bond at the 150bp over US Treasuries area and the 10 year ...

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