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Lancang River Hydropower Completes 2.1 Billion Yuan Green Bond Issuance

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Huaneng Lancang River Hydropower (SHA:600025) has completed the issuance of green bonds totaling 2.1 billion yuan to repay interest-bearing debt, according to a Shanghai bourse filing on Thursday.

The offering consisted of two tranches, including 1.1 billion yuan in green super short-term commercial paper with an interest rate of 1.42% and a term of 225 days.

Agricultural Bank of China (SHA:601288, HKG:1288) acted as the lead underwriter, with Bank of China (SHA:601988, HKG:3988) serving as joint lead underwriter.

The second tranche consists of 1.0 billion yuan in green medium-term notes carrying a coupon of 1.88% with a 5+N year term. Bank of China acted as the lead underwriter alongside Industrial and Commercial Bank of China (HKG:1398, SHA:601398) as joint lead underwriter.

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