By Devika Patel
Knoxville, Tenn., June 21– Gansu Provincial Highway Aviation Tourism Investment Group Co., Ltd. issued a $50 million add-on to its 4.9% sustainable bonds (BBB+) due 2025, according to an announcement.
The new bonds were sold at 97.456
The company issued $250 million of the notes at par on March 30 in a sale that priced on March 24.
Proceeds will be used for refinancing.
The company provides transport infrastructure construction investment services in Lanzhou, China.
| Issuer: | Gansu Provincial Highway Aviation Tourism Investment Group Co., Ltd.
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| Amount: | $50 million reopening
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| Issue: | Sustainable bonds
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| Maturity: | March 30, 2025
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| Coupon: | 4.9%
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| Price: | 97.456
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| Call: | For taxation reasons only at par plus interest
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| Change of control: | At 101 plus interest
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| Issue date: | June 17
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| Rating: | S&P: BBB+
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| Total outstanding: | $300 million, including $250 million of notes issued at par on March 30
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