Hubei Chutian Smart Communication (SHA:600035) issued medium-term bonds worth 500 million yuan, according to a Wednesday disclosure on the Shanghai bourse.

The bonds have a 1.71% coupon rate and a three-year term, maturing on July 15, 2028.

China Everbright Bank (HKG:6818, SHA:601818) is the bookrunner and lead underwriter of the bond, the Chinese toll highway operation services provider said.