Yuexiu Transport Raises Funds Through Medium Term Notes

Yuexiu Transport Infrastructure (HK:1052) has released an update.

Yuexiu Transport Infrastructure Limited has successfully issued the 2024 Phase IV Medium Term Notes, raising RMB700 million with a 2.14% coupon rate over a 3-year term. The company, with a ‘AAA’ credit rating, intends to use the proceeds to repay existing bonds, in line with its normal business operations. This move aims to keep investors up-to-date on the company’s financial strategies and growth.

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