GC Asia
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 ...Please take a trial or subscribe to access this content.
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