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Beijing International Airport Company issuing cooperate bonds today

Shares in Beijing International Airport Company dipped 1.6% yesterday, as the company announced plans to issue domestic corporate bonds today (02-Feb-2010).

The bonds will not exceed CNY4.9 billion (USD720.6 million). The maturity of the bond issue is divided into five-years, at a rate of 4.45% to 4.85%, and seven-years, at a rate of 4.65% to 5.05%. The funds raised will be used to repay the company’s debt and add to its operating funds.

Chinese airports’ shares were mixed yesterday led by Guangzhou Baiyan (+2.3%) and Hainan Meilan (+1.3%), while Shenzhen (-1.8%) and Shanghai (-4.5%) closed lower yesterday.

Financial updates for Beijing International Airport Company are included in Airport Business Daily, which features over 50 strategic news updates from around the world, including these financial and traffic highlights today:

Selected airports daily share price movements (% change): 01-Feb-2010