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China Merchants Expressway Network & Technology Raises 500 Million Yuan from Two-Year Debt Issuance

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China Merchants Expressway Network & Technology (SHE:001965) raised 500 million yuan from the issuance of two-year debts, according to a Saturday filing with the Shenzhen bourse.

Shares fell nearly 1% during the midday break on Monday.

The coupon rate of the issuance is 1.52%, with seven out of 13 valid subscriptions.

China Merchants Bank (HKG:3968, SHA:600036) is the bookkeeping manager and lead underwriter, while Agricultural Bank of China (HKG:1288, SHA:601288) is the joint lead underwriter.

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