China Merchants Expressway reissues 500m yuan innovation bonds

China Merchants Expressway Network & Technology Holdings is re-issuing technology innovation corporate bonds worth up to 500 million yuan to professional investors. The three-year bonds carry a 1.92% coupon rate.

This follows a 15 billion yuan initial bond issuance completed in April. The company holds a AAA credit rating with stable outlook.

Separately, China Merchants Expressway has repurchased 18.4 million shares worth 234.5 million yuan as of July 31 under its share buyback program.