Guang-Zhong-Jiang Expressway Management Office has sealed a Rmb10 billion 18-year term loan through joint bookrunners Bank of China and China Development Bank.
Final allocations saw China Development Bank pledge Rmb5.5 billion while Bank of China provided Rmb2.5 billion. Participants Bank of Guangzhou and China Merchants Bank joined in with Rmb1 billion apiece.
Proceeds are for the construction of the Guang-Zhong-Jiang Highway.
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