Huaneng Power goes global with debut dim sum bond

31 Jan 2013

Huaneng Power International made its dim sum debut on Wednesday. The borrower is a regular visitor to the domestic renminbi market, but a growing offshore bid now offers it the chance to tap a global investor base.

The borrower priced a Rmb1.5bn ($238.5m) 3.85% February 2016 deal at par on Wednesday. Huaneng has renminbi deals maturing in every year until 2018, but this is its first dim sum deal.

State-owned China Huaneng Group has a 50% stake in Huaneng Power and renminbi buyers have a ...

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