China Southern Airlines to issue up to RMB 4.7 billion notes

By Christine Van Dusen

Atlanta, June 21 – China Southern Airlines Co. Ltd. is looking to issue up to RMB 4.7 billion of notes, according to a company filing.

The tenor of the Securities and Exchange Commission-registered deal, which could be issued in tranches, will not exceed five years.

The proceeds will be used for working capital, to replace bank loans, to improve the company’s debt structure and to lower financial costs.

Other details were not immediately available on Tuesday.

The airline is based in Guangzhou, China.

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