Guangdong Investment's Subsidiary Plans 500 Million Yuan Corporate Bond Issuance

Stock News
Aug 20

Guangdong Investment Ltd (HK: 00270) announced that its indirect wholly-owned subsidiary in China, Guangdong Guangdong Water Investment Co., Ltd. (the Issuer), intends to issue the first tranche of corporate bonds to professional institutional investors, with a total principal amount not exceeding RMB 500 million (inclusive of RMB 500 million).

The bonds will carry a term of three years. The coupon rate inquiry range for this first tranche has been set between 1.4% and 2.4%, with the final coupon rate expected to be determined on August 21, 2026 (the anticipated completion date for the bond issuance) based on book-building results.

The first tranche of corporate bonds will be unsecured and without credit enhancement. Proceeds from the issuance are designated to repay existing borrowings and supplement the Issuer's working capital.

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