Hainan Airport Infrastructure (SHA:600515) plans to privately issue bonds of up to 1 billion yuan, according to a Shanghai Stock Exchange filing on Saturday.
The fixed-rate bond will be issued in installments within ten years.
The Chinese airline company will use the proceeds from the issuance to pay debts, replenish its working capital, or fund projects.
The company's shares slipped more than 1% in recent trade.
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