Nanjing Yangtze River Waterway Engineering Bureau, under the Ministry of Transport, is to issue Rmb300m-worth of 366-day unsecured bills on the interbank market on 29 November.

Proceeds from the issue will be used to repay bank loans and replenish working capital, said the issuer.

Shanghai Brilliance Credit Rating & Investors Service has rated the issuer and bills AA- and A-1, respectively, reported China Knowledge.