China's Sichuan Expressway plans to issue debt financing instruments

By Marisa Wong

Madison, Wis., April 1 - Sichuan Expressway Co. Ltd. said it plans to issue debt financing instruments in one or more tranches.

The company's board of directors approved the issuance on March 28, according to a company announcement.

Proceeds will be used for corporate business activities.

The proposed debt instruments are subject to shareholders' approval at an upcoming general meeting.

The highway construction and management company is based in Chengdu, China.

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