Yuexiu Transport to issue up to RMB 5 billion corporate bonds

By Wendy Van Sickle

Columbus, Ohio, Aug. 1 – China’s Yuexiu Transport Infrastructure Ltd. received approval from its board of directors to offer up to RMB 5 billion corporate bonds on the Shanghai Stock Exchange, according to an announcement on Monday.

Depending on prevailing market conditions and the issuer’s capital requirements, the company may issue the bonds in multiple tranches with the coupon determined through a bookbuilding process.

The bonds will be listed and traded on the Shanghai Stock Exchange.

The transportation company develops, operates and manages toll roads, bridges and ports in China.

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