Yunnan Water Investment to offer RMB 1 billion corporate bonds

By Marisa Wong

Morgantown, W.Va., Aug. 17 – China’s Yunnan Water Investment Co., Ltd. said it will issue up to RMB 1 billion of corporate bonds.

Hongta Securities Co., Ltd. is the underwriter.

Proceeds will be used for general working capital and to repay bank loans.

The company had proposed in March the issuance up to RMB 4 billion of corporate onshore and offshore debt financing instruments with terms of up to 10 years.

Yunnan Water is an investment holding company based in Kunming, China. Its focus is on municipal water supply and wastewater treatment facilities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.