China’s Everbright Securities eyes RMB 100 billion debt instruments

By Marisa Wong

Morgantown, W.Va., Aug. 28 – Everbright Securities Co. Ltd. is proposing to issue up to RMB 100 billion of onshore debt financing instruments, according to a notice.

Fixed-term instruments will have maturities of up to 10 years.

Proceeds will be used to fund business development, improve the company’s debt structure, supplement working capital and 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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