Guangzhou Development Raises 1 Billion Yuan Via Five-Year Bond Issue
Guangzhou Development (SHA:600098) issued 1 billion yuan in five-year bonds due May 2031.The bonds carry an interest rate of 1.85%, according to a Thursday filing with the Shanghai bourse.Ping An Securities served as lead underwriter, with Guotai Haitong Securities as co-lead underwriter.Shares of the power company closed 4% higher Thursday.