Jiangsu Expressway (HKG:0177, SHA:600377) issued four ultra-short-term bonds totaling 1.50 billion yuan, according to a Thursday disclosure on the Shanghai bourse.

The third tranche for the year amounts to 260 million yuan, the fourth tranche is worth 500 million yuan, the fifth tranche is 400 million yuan and the sixth tranche is 340 million yuan.

All of the tranches have an issuance rate of 1.57% and will mature Sept. 4.

The expressway company's Hong Kong shares slipped over 1% during the morning trade.