China’s Yunnan Water eyes RMB 2 billion debt financing instruments

By Marisa Wong

Morgantown, W.Va., Aug. 31 – Yunnan Water Investment Co., Ltd. is proposing to issue up to RMB 2 billion of corporate onshore and offshore debt financing instruments, according to a notice.

The company’s board of directors approved the proposed issuance at its meeting on Friday.

The securities will have terms of up to five years.

Proceeds will be used for daily business operations, to adjust the company’s debt structure, to replenish working capital and for investment.

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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