Shenzhen Expressway Sells 1.5 Billion Yuan of Commercial Paper

MT Newswires Live07-23

Shenzhen Expressway (HKG:0548, SHA:600548) issued 1.5 billion yuan of a super short-term commercial paper in China's interbank market on Monday, a Tuesday bourse filing said.

The commercial paper has an interest rate of 1.75% and is due to mature in 270 days.

China CITIC Bank (HKG:0998, SHA:601998) was the book runner and lead underwriter for the issue while Ping An Bank (SHE:000001) was the joint lead underwriter.

China-listed shares of the expressway operator closed nearly 2% higher on Tuesday.

Price (HKD): $7.44, Change: $+0.02, Percent Change: +0.27%

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