Huaneng Power International is a large Chinese company that runs coal-fired power plants in five provinces and

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Huaneng Power International is a large Chinese company that runs coal-fired power plants in five provinces and in Shanghai. It has close to $1.2 billion in U.S. dollar debt whose proceeds it has used to purchase equipment abroad.
a. What currency risks does Huaneng face?
b. Do its lenders face any currency risks? Explain.

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