China’s Yunnan Water to place RMB 1 billion three-year notes

By Marisa Wong

Morgantown, W.Va., Aug. 24 – China’s Yunnan Water Investment Co., Ltd. said it plans to issue RMB 1 billion of three-year notes on Friday.

The notes will be sold at par on a private placement basis.

China Citic Bank Corp. Ltd. is the lead underwriter, and Huatai Securities Co. Ltd. is the joint lead underwriter.

Proceeds will be used for general working capital and to repay bank loans.

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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