China Merchants Expressway Network & Technology (SHE:001965) raised 500 million yuan via the issue of two-year notes carrying an interest rate of 1.52%.
Postal Savings Bank of China served as lead underwriter, with Industrial and Commercial Bank of China as joint lead underwriter, according to a weekend filing with the Shenzhen bourse.
Shares of the toll expressway operator slid 1% in recent trade.