Huadian Power plans $736 mln bonds with warrants

HONG KONG, Feb 14 (Reuters) - Huadian Power International Corp Ltd (1071.HK: Quote, Profile, Research) (600027.SS: Quote, Profile, Research) said it planned to issue up to 5.3 billion yuan ($736.4 million) worth of bonds with warrants, raising capital to fund acquisitions of assets from parent and for construction of power plants.

The Chinese power producer said in a statement late on Wednesday that about 2 billion yuan from the issue will be used to fund its purchase of stakes in four power companies from parent, and about 1.4 billion yuan will be used to fund construction of power plants.

Another 1.5 billion yuan will be used to repay debt, and the remainder will be used for working capital, it said.

For details please see here 0213258.pdf (US$1=HK$7.8=7.197 yuan) (Reporting by Donny Kwok; Editing by Tomasz Janowski)