IFC proposes $150m senior loan to Shenzhen-listed courier service Yunda

IFC proposes $150m senior loan to Shenzhen-listed courier service Yunda

Logistics in a warehouse.

World Bank Group member International Finance Corporation (IFC) is considering a 950 million yuan (about $150 million) investment in the form of a senior loan to Shenzhen-listed express delivery company Yunda Holdings.

The loan will help finance Yunda’s capital expenditure plan in the express service network, cold chain, and other logistics infrastructure in Western and Central China, and in transport vehicles.

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