China Everbright plans RMB 4.5 billion bonds in one or more tranches

By Sarah Lizee

Olympia, Wash., Nov. 30 – China Everbright Ltd. said it plans to issue up to RMB 4.5 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 Friday, 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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