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Published on 12/3/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s Yuexiu Transport sells RMB 1 billion 3.58% three-year notes

By Sarah Lizee

Olympia, Wash., Dec. 3 – Yuexiu Transport Infrastructure Ltd. issued RMB 1 billion of 3.58% three-year notes on Monday, according to an announcement.

The issue is phase one of the company’s planned RMB 2 billion of medium-term notes.

Proceeds will be used to repay outstanding debt and to replenish working capital.

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

Issuer:Yuexiu Transport Infrastructure Ltd.
Issue:Notes
Amount:RMB 1 billion
Maturity:Three years
Coupon:3.58%
Settlement date:Dec. 2

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