SHENZHEN Expressway Co, a toll-road operator in southern China, yesterday said it plans to sell a second bond this year to finance the construction of a new highway in an area that adjoins Hong Kong.

Shenzhen Express will sell 1.5 billion yuan (US$200 million) of six-year bonds on October 9 with call warrants for shares, the Chinese company said yesterday in a statement to Shanghai's stock exchange. Bondholders will receive 7.2 call warrants for each bond they hold, with the option price set at 13.85 yuan per share, the company said, Bloomberg News reported.

Chinese companies including Shenzhen Expressway and ZTE Corp are increasingly using equity-linked bonds to raise capital to make them more attractive to investors.