HONG KONG, May 2 (Reuters) - China Railway ConstructionCorporation plans to issue Regulation Snotes through its wholly-owned subsidiary CRCC Yuxiang Limited,China Railway said in a statement to the Hong Kong exchange onThursday.
China Railway will guarantee the notes and CRCC will lendthe proceeds to China Railway's subsidiaries to invest inoverseas businesses, and for general corporate purposes.
CRCC will begin presentations on the issue to institutionalinvestors from around May 6, 2013. The amount and terms of theplanned issue have not been decided.
Citigroup, HSBC and Morgan Stanley arejoint global coordinators for the proposed issue.