Jun 27, 2022 08:19 AM (GMT+8) · EqualOcean
China Railway announced at the Hong Kong stock exchange that the issuer is an indirect wholly-owned subsidiary of the company. It is proposed to issue the proposed bonds and will start a series of roadshow briefings to institutional investors on or around June 27. Once the bonds are issued, they will be guaranteed by the company in accordance with the guarantee deed. The issuer will seek to list the bonds on the stock exchange. The company has received confirmation from the stock exchange that the relevant bonds are qualified for listing. The bonds are expected to be rated a- by Fitch. The net proceeds from the proposed bond issuance are expected to be used to refinance the group's existing overseas debt and for general corporate purposes.

This text is a result of machine translation.