China Railway Construction (HKG:1186, SHA:601186) unit CRCC Huayuan plans to issue 3.5 billion yuan guaranteed bonds due 2027, according to a Friday filing with the Hong Kong bourse.
The bonds have a 2.60% interest rate. The proceeds from the issue will be used to repay debts and replenish working capital for overseas construction projects. Some eligible projects may also be refinanced.
Huatai International, ICBC, DBS Bank, and several other banks are joint book runners.