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FINWIRES

Guangdong Investment Unit Eyes 500 Million Yuan from Bond Sale

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Guangdong Investment (HKG:0270) unit Guangdong Yuehai Water Investment is proposing to issue up to 500 million yuan of corporate bonds to professional institutional investors.

The bonds are expected to carry a coupon rate of between 1.4% to 2.4% and will fall due in three years, according to a Thursday bourse filing.

The final coupon rate will likely be determined on Friday, the infrastructure company said.

Guangdong Yuehai Water Investment plans to use proceeds to repay borrowings and supplement working capital.

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