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China’s Yunnan Water eyes RMB 4 billion of debt financing instruments
By Marisa Wong
Morgantown, W.Va., March 7 – Yunnan Water Investment Co., Ltd. is proposing to issue up to RMB 4 billion of corporate onshore and offshore debt financing instruments, according to a notice.
The company’s board of directors approved the issuance at its meeting on Monday.
The securities will have terms of up to 10 years.
The planned issuance excludes the RMB 2 billion of previously proposed onshore and offshore debt financing instruments. Those RMB 2 billion of debt financing instruments were approved by shareholders in October.
Proceeds will be used for daily business operations, to repay bank loans, to adjust the company’s debt structure, to replenish working capital and for investment.
Yunnan Water is an investment holding company based in Kunming, China. Its focus is on municipal water supply and wastewater treatment facilities.
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