China's Zhejiang Expressway plans up to RMB 1 billion of bonds

By Marisa Wong

Madison, Wis., March 19 - Zhejiang Expressway Co., Ltd. said it plans to issue up to RMB 1 billion of domestic corporate bonds.

Proceeds will be used for general working capital purposes.

The bonds were previously approved by shareholders and more recently by the China Securities Regulatory Commission.

The company may issue the bonds within six months of the March 12 regulatory commission approval date.

The infrastructure company is based in Hangzhou, China.

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