China's Anhui Expressway plans up to RMB 2 billion debt instruments

By Marisa Wong

Madison, Wis., March 27 - Anhui Expressway Co. Ltd. has proposed to issue up to RMB 2 billion of debt financing instruments in the interbank market in China, according to a company announcement.

The instruments will have a maturity of three years.

Proceeds will be used for project investment, dividends or bonus distribution and supplemental working capital.

The proposed issue is subject to shareholder approval at an upcoming general meeting. If granted, the approval would be valid for 12 months.

Anhui Expressway constructs and operates toll expressways. The company is based in Hefei, Anhui, China.

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