China’s Yuexiu Transport Infrastructure plans RMB 2 billion bonds

By Angela McDaniels

Tacoma, Wash., July 8 – Yuexiu Transport Infrastructure Ltd. received regulatory approval to issue up to RMB 2 billion of corporate bonds to qualified investors in mainland China, according to a company announcement.

The China Securities Regulatory Commission approved the proposed public offering on Friday.

Guangzhou Securities Co., Ltd. and Morgan Stanley Huaxin Securities Co., Ltd. are the joint lead underwriters.

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

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

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

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