China Everbright plans RMB 12.8 billion bonds in one or more tranches

By Susanna Moon

Chicago, June 8 – China Everbright Ltd. said it plans to issue up to RMB 12.8 billion of corporate bonds to qualified investors in one or more tranches with bond maturities of up to 10 years.

The company’s board approved the issue on Wednesday, according to a company notice.

Proceeds will be used to repay the group’s debt and to replenish its general working capital.

China Everbright is a Hong Kong-based financial conglomerate in China.

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