Yuexiu Transport Raises RMB800M in Short-term Paper

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

Yuexiu Transport Infrastructure Limited has successfully issued the 2024 Second Tranche Super Short-term Commercial Paper, raising RMB800 million with a 270-day term and a coupon rate of 1.86%. The company, which boasts a ‘AAA’ credit rating from China Chengxin International Credit Rating Co., Ltd., plans to use the proceeds to repay existing bonds and support daily working capital. This move aligns with the company’s ordinary course of business and continues the momentum of its previous announcements regarding debt financing.

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