Bloomberg News

Jiangxi Ganyue Expressway Signs 4.5 Billion Yuan Syndicated Loan

February 13, 2012

Feb. 13 (Bloomberg) -- Jiangxi Ganyue Expressway Co. signed a 4.5 billion yuan, 23-year syndicated loan with four banks for construction of an expressway in eastern Jiangxi province, it said in a Shanghai stock exchange announcement.

The loan was signed with China Development Bank Corp., Agricultural Bank of China Ltd., Bank of Communications Co. and Postal Savings Bank of China, according to the statement.

China Development Bank will provide 2.5 billion yuan of the loan, it said.

--Henry Sanderson. Editor: Katrina Nicholas

To contact Bloomberg News staff for this story: Henry Sanderson in Beijing at hsanderson@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


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