Huaneng Power International Inc (00902) has announced the coupon rate for its latest corporate bond offering. The company received approval from the Shanghai Stock Exchange and registration from the China Securities Regulatory Commission for a public issuance of corporate bonds to professional investors, with a total face value not exceeding RMB 40 billion.

The first tranche of the 2026 science and technology innovation corporate bonds, issued publicly to professional investors, has a total issue size of no more than RMB 1.5 billion. This tranche is divided into two varieties: the first with a 10-year term and the second with a 15-year term.

On August 26, 2026, the issuer and lead underwriters conducted a bookkeeping process to determine the coupon rate through inquiry with professional institutional investors in the offline market. After thorough consultation and prudent assessment, it was determined that Variety One of this bond issue (short name: 26HPI01K, code: 245978.SH) would not be actually issued, while Variety Two (short name: 26HPI02K, code: 245979.SH) has been set with a coupon rate of 2.12%.

Starting August 27, 2026, the issuer will proceed with the offline issuance of this bond to professional investors at the confirmed coupon rate.