Sichuan Expressway plans $1.79B asset securitization to raise up to 12B yuan
Sichuan Expressway Group plans to raise up to 12 billion yuan (about $1.79 billion) by securitizing its expressway assets via a Quasi-REIT to meet working capital needs and pare debt, to be launched on the Shanghai Stock Exchange.
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Sichuan Expressway Plans $1.79 Billion Asset Securitization
By P.R.
VenkatSichuan Expressway Group plans to raise up to 12 billion yuan, equivalent to $1.79 billion, by securitizing its expressway assets to pare debt and meet working capital needs.The assets will be securitized through a Quasi-REIT to be launched on the Shanghai Stock Exchange, the company…