By Sarah Lizee
Olympia, Wash., Feb. 20 – Huaneng Power International, Inc. subsidiary Sinosing Services Pte. Ltd. sold $300 million of 2¼% guaranteed bonds due 2025 and $300 million of 2 5/8% guaranteed bonds due 2030, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
The notes are guaranteed by Huaneng Power.
The five-year bonds were issued at 99.653 and the 10-year bonds were issued at 99.277.
ICBC International, Credit Suisse, Bank of China, DBS Bank Ltd. and CLSA are the joint bookrunners and joint lead managers, with ICBC, Credit Suisse and Bank of China acted as joint global coordinators.
Listing is expected to become effective on or around Feb. 21.
Based in Beijing, Huaneng Power develops, constructs and operates large power plants in China.
| Issuer: | Sinosing Services Pte. Ltd.
|
| Guarantor: | Huaneng Power International, Inc.
|
| Issue: | Guaranteed bonds
|
| Amount: | $600 million
|
| Bookrunners: | ICBC International, Credit Suisse, Bank of China, DBS Bank Ltd. and CLSA, with ICBC, Credit Suisse and Bank of China as joint global coordinators
|
| Announcement date: | Feb. 20
|
| Listing date: | Feb. 21
|
|
|
| Five-year bonds
|
| Amount: | $300 million
|
| Maturity: | 2025
|
| Coupon: | 2¼%
|
| Price: | 99.653
|
|
|
| 10-year bonds
|
| Amount: | $300 million
|
| Maturity: | 2030
|
| Coupon: | 2 5/8%
|
| Price: | 99.277
|
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