China Resources Gas Sells 2.5 Billion Yuan Bonds
China Resources Gas Group (HKG:1193) completed the issue of 2.5 billion yuan of bonds on Friday, according to a same-day Hong Kong bourse filing.Of the total, the company issued 1.5 billion yuan of three-year bonds carrying a 1.57% per annum coupon rate and 1 billion yuan of five-year bonds with a 1.7% coupon rate.The gas distributor intends to use proceeds to replace bank loans repaid with certain self-owned funds of CR Gas Investment China Group.