Hangzhou Fuyang Transportation Development Group plans to issue a 3-year RMB bond with an initial guidance price of 3.5% regionally.

Hangzhou Fuyang Transportation Development Investment Group Co., Ltd. (referred to as "Hangzhou Fuyang Transportation Investment Group" and rated BBB- stable by Fitch) plans to issue Reg S, 3-year, RMB-denominated senior unsecured bonds.