China Merchants Expressway issues up to CNY 1.5bn in bonds

China Merchants Expressway Network & Technology Holdings (SZSE:001965) is set to issue up to CNY 1.5 billion in Science and Technology Innovation Corporate Bonds (Phase I) to professional investors in 2025, according to a newly released prospectus. These bonds, with a three-year maturity, will carry a fixed interest rate determined through a book-building process within an indicated range of 1.60% to 2.20%. Trading and payment will be carried out in CNY.