China’s Yunnan Water Investment gets go-ahead for RMB 1 billion bonds

By Marisa Wong

Morgantown, W.Va., Nov. 21 – China’s Yunnan Water Investment Co., Ltd. said it plans to issue RMB 1 billion of bonds with a maturity of up to five years.

The company said it received a no-objection letter from the Shenzhen Stock Exchange on Monday. The company first announced the corporate bonds in August.

Hongta Securities Co., Ltd. is the 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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