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Shenzhen Expressway Co ( (HK:0548) ) has issued an announcement.
Shenzhen Expressway Corporation Limited has issued its 2026 Phase I Medium-term Notes in China’s interbank market, raising RMB1 billion through a three-year instrument maturing on 20 May 2029. The notes carry an interest rate of 1.6%, are priced at par, and are jointly arranged and underwritten by China CITIC Bank Corporation Limited and Shanghai Pudong Development Bank Co., Ltd., providing the company with medium-term funding to support its ongoing operational and capital needs.
The successful completion of this RMB1 billion medium-term notes issuance strengthens Shenzhen Expressway’s liquidity position and diversifies its onshore financing channels. By locking in relatively low-cost funding in the current rate environment, the company reinforces its financial flexibility for future infrastructure investments, which may enhance its competitiveness in China’s expressway sector and offer greater visibility to creditors and other stakeholders regarding its capital structure.
More about Shenzhen Expressway Co
Shenzhen Expressway Corporation Limited is a joint stock company incorporated in the PRC and listed in Hong Kong, operating primarily in the toll road and expressway infrastructure sector. The company focuses on developing, operating and managing expressways and related transportation assets, serving traffic and logistics demand in and around Shenzhen and other regions in China.
Average Trading Volume: 2,138,559
Technical Sentiment Signal: Buy
Current Market Cap: HK$23.57B
Learn more about 0548 stock on TipRanks’ Stock Analysis page.