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Jiangsu Expressway Issues 800 Million Yuan in Debt Securities; Shares Down 3%

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Jiangsu Expressway (SHA:600377) issued two debt instruments totaling 800 million yuan, according to filings with the Shanghai bourse

The company issued 450 million yuan of 268-day commercial paper carrying a coupon rate of 1.38% and 350 million yuan of three-year medium-term notes with a coupon rate of 1.55%.

China Everbright Bank served as lead underwriter for the commercial paper issuance, while China Construction Bank acted as lead underwriter for the medium-term notes.

Shares of the expressway company fell 3% in recent trade.

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