Shandong Hi-speed Issues 1 Billion Yuan in Short-Term Commercial Paper

MT Newswires Live

07/16

Shandong Hi-speed (SHA:600350) issued super short-term commercial paper worth 1 billion yuan, according to a Shanghai bourse filing on Thursday.

The bonds have a coupon rate of 1.44% and a term of 133 days, maturing Nov. 25.

Industrial and Commercial Bank of China (SHA:601398, HKG:1398) served as the bookrunner and lead underwriter of the issuance.

The Chinese transportation infrastructure company's shares fell 2% during the afternoon trade.

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