Huaneng Group to redeem $500 million guaranteed perpetuals Dec. 9

By William Gullotti

Buffalo, N.Y., Nov. 1 – China Huaneng Group (Hong Kong) Treasury Management Holding Ltd. will fully redeem its $500 million 2.85% perpetual capital securities guaranteed by parent company China Huaneng Group Co., Ltd. on Dec. 9, according to a redemption notice on Wednesday.

The perpetuals were issued in 2020 and will be redeemed in whole at par plus any distribution accrued to the redemption date.

Upon redemption, the securities will be delisted from the Stock Exchange of Hong Kong Ltd.

Based in Beijing, Huaneng develops, constructs and operates large power plants in China.

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