China’s Yuexiu Transport Infrastructure plans RMB 1 billion bonds

By Marisa Wong

Morgantown, W.Va., March 16 – Yuexiu Transport Infrastructure Ltd. announced it plans to issue up to RMB 1 billion of corporate bonds to investors in mainland China.

The China Securities Regulatory Commission approved the proposed bonds on Wednesday.

Guangzhou Securities Co., Ltd. is the lead underwriter with Morgan Stanley Huaxin Securities Co., Ltd. as vice lead underwriter.

The company said it will begin marketing the bonds depending on market conditions.

Pricing will be determined through a book-building process.

China Chengxin Credit Rating Co., Ltd. has assigned a rating of AAA to the bonds.

Based in Hong Kong, Yuexiu Transport Infrastructure operates and manages toll highways, expressways and bridges in China.

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