Yuexiu Property applies to offer RMB 5 billion corporate bonds

By William Gullotti

Buffalo, N.Y., Feb. 16 – Yuexiu Property Co. Ltd. is applying to offer corporate bonds totaling up to RMB 5 billion (Chengxin: AAA), according to an announcement on Thursday.

The listing application was submitted to the Shanghai Stock Exchange.

Proceeds from this proposed issuance will be used to diversify the company’s portfolio of financial instruments in an effort to reduce financing costs and optimize the group’s debt structure.

Yuexiu is a property developer based in Hong Kong.

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