China’s Zhejiang Expressway plans up to $600 million of senior notes

By Cady Vishniac

Detroit, Dec. 30 – China’s Zhejiang Expressway Co. Ltd.’s board approved Tuesday an issue of up to $600 million of senior notes, according to a market announcement.

The Regulation S notes will have a term of more than one year and no more than 10 years.

The company says the proceeds will go toward debt refinancing, new projects, and strategic development.

Zhejiang is an infrastructure company based in Hangzhou, China.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.