Huaneng Power goes global with debut dim sum bond
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 ...Already a subscriber? Login
Further Reading
-
IPOs
European ECM suffers as US sell-off continues
-
Africa
'Everything else is secondary' to debt transparency as Zambia-IMF talks extended
-
Market News
China policy and markets round-up: CBIRC chief warns against inflow risks, issuers move to exchange market for carbon neutrality bonds
-
Regulation & Policy
Two Sessions special: China takes cautious approach to 2021 GDP growth, cuts budget deficit target and local government bond quota