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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Jiangsu Expressway Company Limited    177   CNE1000003J5

JIANGSU EXPRESSWAY COMPANY LIMITED

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Jiangsu Expressway Proposes to Issue Up to CNY 8 Billion Corporate Bonds

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12/23/2019 | 07:03pm EDT

By Yifan Wang

Jiangsu Expressway Co. Ltd. (0177.HK) said it plans to issue as much as 8 billion yuan (US$1.14 billion) worth of corporate bonds.

The bonds' maturity periods will be up to five years, and the company may issue bonds with varying tenures, it said in a stock exchange filing late Monday.

Interest rates will be determined based on market conditions, it said.

The toll road operator plans to use proceeds from the issuance to pay back existing debts and supplement its working capital. It may also use the funds raised on project development, it said.

The fundraising will help to optimize the company's debt structure, expand financing channels and bring down financing costs, Jiangsu Expressway said.

Write to Yifan Wang at yifan.wang@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
JIANGSU EXPRESSWAY COMPANY LIMITED 1.24% 9.77 End-of-day quote.-0.20%
JIANGSU EXPRESSWAY COMPANY LIMITED -0.12% 8.28 End-of-day quote.2.22%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.22% 7.0752 Delayed Quote.1.53%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.10% 7.0683 Delayed Quote.1.16%
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Financials (CNY)
Sales 2019 10 342 M
EBIT 2019 5 372 M
Net income 2019 4 254 M
Debt 2019 15 429 M
Yield 2019 6,21%
P/E ratio 2019 8,88x
P/E ratio 2020 13,9x
EV / Sales2019 5,94x
EV / Sales2020 7,98x
Capitalization 45 990 M
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Technical analysis trends JIANGSU EXPRESSWAY COMPANY
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 5
Average target price 10,21  CNY
Last Close Price 7,54  CNY
Spread / Highest target 47,4%
Spread / Average Target 35,3%
Spread / Lowest Target 23,0%
EPS Revisions
Managers
NameTitle
Xiao Guang Cheng General Manager & Executive Director
Xibin Sun Chairman
Lan Ying Yu Chairman-Supervisory Board
Li Shao Member-Supervisory Board
Yong Jia Yao Secretary, Executive Director & Deputy GM
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1st jan.Capitalization (M$)
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CHINA MERCHANTS EXPRESSWAY NETWORK & TECHNOLOGY HOLDINGS CO., LTD.0.57%6 148
GRUPO CCR-5.82%4 680