Huaneng Mengdian Establishes Trust for Asset-Backed Securities Worth 1.874 Billion Yuan

Huaneng Mengdian announced that the company has been approved to carry out a REITs-like issuance business using the 2×600 megawatt thermal power units of Inner Mongolia Judafa Power Generation Co., Ltd. as the underlying assets, with a registered amount of 1.874 billion yuan. The first phase of Huaneng Mengdian's directed asset-backed notes by Baier Trust Co., Ltd. will be issued on November 12, 2026, and the asset-backed securities trust will be established on November 13, 2026. Both the senior and subordinated asset-backed notes have been fully subscribed. The senior notes amount to 1.873 billion yuan, rated AAA sf, with an investment return rate of 1.89%; the subordinated notes amount to 0.01 billion yuan, subscribed by Huaneng Investment Management Co., Ltd.