Key Developments: Huaneng Power International Inc (HNP)
46.77USD
20 May 2013
$-2.53 (-5.13%)
$49.30
$47.64
$47.64
$46.00
116,832
71,420
$49.59
$24.15
Latest Key Developments (Source: Significant Developments)
Huaneng Power International Inc Issues FY 2013 Third Short-term Financing Notes
Huaneng Power International Inc announced that it has issued the third tranche of short-term financing notes for fiscal year 2013, worth RMB 5 billion. The notes are each with par value of RMB 100, a term of 270 days and an interest rate of 3.8%. China Construction Bank and China Merchants Bank served as the main underwriters. The funds will be used for repayment of loans, optimization of debt refinancing structure and business operation. Full Article
Huaneng Power International Inc Issues FY 2013 Second Short-term Financing Notes
Huaneng Power International Inc announced that it has issued the second tranche of short-term financing notes for fiscal year 2013, worth RMB 5 billion. The notes are each with par value of RMB 100, a term of 270 days and an interest rate of 3.90%. Bank of China and Industrial and Commercial Bank of China served as the main underwriters. The funds will be used for repayment of loans, optimization of debt refinancing structure and business operation. Full Article
Huaneng Power International Inc to Issue Debt Financing Instruments
Huaneng Power International Inc announced that it will issue up to RMB 10 billion worth of mid-term and long-term debt financing instruments, with a term of five or ten years, up to RMB 15 billion worth of short-term financing note, and up to RMB 30 billion worth of ultra-short-term financing notes. Full Article
Huaneng Power International Inc Announces FY 2012 Dividend Payment
Huaneng Power International Inc announced that it will pay a cash dividend of RMB 0.21 per 10 shares (pre-tax) to shareholders for fiscal year 2012. Full Article
Huaneng Power International Inc Issues FY 2013 First Tranche of Ultra-short-term Financing Notes
Huaneng Power International Inc announced that it has issued RMB 5 billion worth of ultra-short-term financing notes, each with par value of RMB 100, a term of 270 days and a coupon rate of 3.80%. Bank of China and Agricultural Bank of China jointly served as the main underwriter. Full Article
Huaneng Power International Inc Announces Proposed Issue Of RMB1,500,000,000 3.85% Bonds Due 2016
Huaneng Power International Inc announced that on January 30, 2013, the Company, and the Managers entered into the Subscription Agreement in relation to the proposed issue of RMB1,500,000,000 3.85% bonds due 2016 by the Company. The net proceeds in relation to the RMB Bonds Issue will be used to procure imported commodities including but not limited to coal. CICC HKS, ICBCI Securities and Merrill Lynch are the joint lead managers and CICC HKS, together with ICBCI Capital and Merrill Lynch are the joint bookrunners in connection with the RMB Bonds Issue. The RMB Bonds are expected to be issued on or about February 5, 2013. Full Article
Huaneng Power International Inc Comments On FY 2012 Earnings Guidance
Huaneng Power International Inc announced that for fiscal 2012, it expects net profit to increase by more than 340% as compared to the fiscal 2011. The estimated profit increase was primarily due to the carryover effect of the tariff adjustments in fiscal 2011, the decrease of coal price in fiscal 2012 and the effective cost controls by the Company. The Company reported a net income of RMB1.268 billion for fiscal 2011. Full Article
Shenzhen Energy Group Co Ltd to Acquire Equity Shares of Shareholder from Shenzhen SASAC and Huaneng Power International, Inc.
Shenzhen Energy Group Co Ltd (Shenzhen Energy) announced that it will issue 1,263,483,317 A shares of common stock at RMB 6.17 per share to Shenzhen Municipal People's Government State-owned Assets Supervision and Administration Commission (Shenzhen SASAC) and pay RMB 12,642,494.03, and also issue 421,161,106 A shares to Huaneng Power International, Inc. (Huaneng) and pay RMB 4,214,164.67, to exchange for a 75% (from Shenzhen SASAC) and a 25% stake (from Huaneng) in a Shenzhen-based energy management company (Company A), which holds a 63.74% stake in Shenzhen Energy. After that, Shenzhen Energy will merge with Company A, with Shenzhen Energy to survive and Company A to be dissolved, for the direct management from Shenzhen SASAC and Huaneng, which will respectively hold a 47.82% and a 25.02% stake in Shenzhen Energy. Full Article
Huaneng Power International Inc to Acquire Equity Shares
Huaneng Power International Inc announced that it will acquire a 50% stake in a Beijing-based energy company, which is engaged in the wholesale of coal and export and import business, from China Huaneng Group, for RMB 108,316,350. Full Article
Huaneng Power International Inc Issues FY 2012 Third Short-term Financing Notes
Huaneng Power International Inc announced that it has issued the third tranche of short-term financing notes for fiscal year 2012, worth RMB 5 billion. The notes are each with par value of RMB 100, a term of 365 days and an interest rate of 4.58%. Bank of China served as the main underwriter. Full Article
Financial shares lead Hong Kong, China rebound, Huaneng Power soars
* Modest volumes as markets rebound after Tuesday's losses
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