China’s Guangzhou R&F proposes up to RMB 40 billion debt instruments

By Marisa Wong

Morgantown, W.Va., Oct. 4 – Guangzhou R&F Properties Co., Ltd. is proposing to issue up to RMB 40 billion of debt financing instruments in one or more tranches, according to a company announcement.

The instruments may include medium-term notes and short-term bonds.

Proceeds will be used to replenish working capital, to repay bank loans or other loans and invest in projects.

The issuance is subject to shareholders’ approval.

The real estate company is based in Guangzhou, China.

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