Guangzhou Auto plans RMB 20 billion debt financing instruments

By Marisa Wong

Morgantown, W.Va., March 29 – China’s Guangzhou Automobile Group Co., Ltd. announced it plans to issue up to RMB 20 billion of domestic and overseas debt financing instruments.

The debt instruments may include short-term debentures, super-short-term debentures, medium-term notes, corporate bonds, bonds convertible into A shares or H shares or other instruments denominated in renminbi or other currencies.

The proposed issuance is subject to shareholders’ approval.

The Guangzhou, China-based investment holding company’s subsidiaries design, manufacture and sell vehicles and auto parts in mainland China and Hong Kong.

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