Shenzhen Expressway preps up to RMB 550 million of green bonds

By Mary-Katherine Stinson

Lexington, Ky., Oct. 13 – Shenzhen Expressway Corp. Ltd. plans a phase 1 offering of its 2023 green corporate bonds up to RMB 550 million, according to a notice.

The bonds will be sold to professional investors in the Chinese market between Oct. 17 and Oct. 18.

As previously reported, the company announced on March 28 that it had received regulatory approval from the China Securities and Regulatory Committee to issue the green corporate bonds in an amount not to exceed RMB 4.1 billion. As a result, the company was approved to issue the bonds by tranches within 24 months of the date of approval.

Shenzhen Expressway, formerly Shenzhen Expressway Co. Ltd., is a Shenzhen, Guangdong China-based company mainly engaged in the investment, construction, operation and management of toll roads and other transportation infrastructure.

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