Everbright plans up to HK$20 billion overseas debt instruments

By Marisa Wong

Morgantown, W.Va., March 26 – China’s Everbright Securities Co. Ltd. is proposing to issue up to HK$20 billion of overseas debt financing instruments, according to a notice.

The instruments will have maturities of up to 10 years.

Proceeds will be used for business operation needs, to adjust the company’s debt structure, to replenish working capital and to invest in projects.

The proposed issuance is subject to shareholders’ approval at an upcoming meeting.

Everbright is a securities brokerage based in Shanghai.

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