Haikou Meilan International Airport Co Ltd today announced that it plans to issue RMB 800 million in bonds with a maturity of five years on the inter-bank market on Mar. 16, sources reported.
 
The firm said in a statement that this batch of bonds will be issued at face value, and the coupon rate will be determined during the process of book building. Both value date and payment due date will be Mar. 18.
 
Proceeds from the issue will be mainly used to repay bank loans and replenish working capital, according to the firm.
 
China Lianhe Credit Rating Co Ltd has rated the issuer and the bonds both AA.
 
Chin Export-Import Bank has been hired to handle the sale.
 
Haikou Meilan International Airport is located in the Southeast of Haikou, the capital city of Hainan Province, with a registered capital of RMB 470 million.
 
 
 
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