China's Guangzhou R&F Properties plans up to RMB 6 billion bonds

By Marisa Wong

Madison, Wis., Aug. 29 - China's Guangzhou R&F Properties Co., Ltd. proposed an up to RMB 6 billion issue of domestic corporate bonds, according to a company announcement.

The bonds will have a maturity of five to 10 years.

The real estate company is seeking to issue the bonds to strengthen its working capital, partially refinance bank loans and improve its capital structure.

The proposed bonds are subject to shareholders' approval at an upcoming extraordinary general meeting.

The company is based in Guangzhou, China.

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