Beijing airport raises 4.9bn yuan from corporate bonds

Beijing Capital International Airport (BCIA) has raised 4.9 billion yuan ($718 million) from an issue of domestic corporate bonds.

The issue of the bonds, valued at 100 yuan a piece, was completed on 5 February, says the airport.

Of the total number of bonds, 90% were purchased by institutional investors while the remaining 10% were purchased by the public, adds BCIA.

In April 2009, BCIA announced it would issue bonds to raise funds to repay debts, adjust its debt structure, and supplement the airport's working capital.

Source: Air Transport Intelligence news