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China’s Yunnan Water proposes RMB 2 billion onshore, offshore debt
By Marisa Wong
Morgantown, W.Va., Nov. 15 – Yunnan Water Investment Co., Ltd. said it plans to issue up to RMB 2 billion of corporate onshore and offshore debt financing instruments.
The instruments will have terms of up to 15 years, except for perpetual notes or renewable bonds.
The onshore instruments may include, among other types, renminbi bonds, corporate green bonds, medium-term notes, short-term paper, asset-backed securities, perpetual notes and renewable bonds. The offshore instruments may include, among other types, corporate bonds, foreign currency notes, commercial paper, subordinated bonds and structured notes.
Proceeds will be used for daily business operations, to repay bank loans, to adjust the company’s debt structure, for project investments and to replenish working capital.
The proposed issuance is subject to shareholders’ approval.
Yunnan Water is an investment holding company based in Kunming, China. Its focus is on municipal water supply and wastewater treatment facilities.
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