Yuexiu Transport Infrastructure’s Subsidiary to Issue RMB3 Billion Corporate Bonds

The latest announcement is out from Yuexiu Transport Infrastructure ( (HK:1052) ).

Yuexiu Transport Infrastructure Limited announced that its wholly-owned subsidiary, Yuexiu (China) Transport Infrastructure Investment Company Limited, has received approval from the Shanghai Stock Exchange for the registration of corporate bonds worth up to RMB3.0 billion. The first tranche, amounting to RMB500 million with a 1.80% coupon rate, will be used to repay existing loans. The bonds have been rated ‘AAA’ by China Chengxin International Credit Rating Co., Ltd. This move is expected to enhance the company’s financial flexibility and strengthen its market position.

The most recent analyst rating on (HK:1052) stock is a Buy with a HK$5.90 price target. To see the full list of analyst forecasts on Yuexiu Transport Infrastructure stock, see the HK:1052 Stock Forecast page.

More about Yuexiu Transport Infrastructure

Yuexiu Transport Infrastructure Limited operates in the transport infrastructure industry, focusing on the development and management of expressways and bridges. The company is primarily involved in providing transportation infrastructure services in China, catering to the needs of both public and professional investors.

Average Trading Volume: 2,523,457

Technical Sentiment Signal: Sell

Current Market Cap: HK$6.06B

Learn more about 1052 stock on TipRanks’ Stock Analysis page.