Yida China plans up to RMB 3 billion bonds via Citic Securities

By Marisa Wong

Morgantown, W.Va., Sept. 21 – Yida China Holdings Ltd. announced that indirect wholly owned subsidiary Dalian Yida Development Co. Ltd. plans to offer up to RMB 3 billion of bonds in multiple tranches.

The China Securities Regulatory Commission recently approved the public offering. The approval is valid for two years, but the first tranche is to be completed within 12 months.

Citic Securities Co. Ltd. will act as lead underwriter.

Proceeds will be used to repay debt and as general working funds.

Yida is a Dalian, China-based operator of business parks.

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