The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.
Click on the button below to create your account and get immediate access to thousands of articles.
First domestic corporate bond for B&R construction issued successfully
Abstract : Hongshi Holding Group Co., Ltd. (Hongshi) successfully issued 3-year corporate bonds of 300 million yuan for Belt and Road construction on January 19, according to a source from the Shanghai Stock Exchange.
BEIJING, Jan. 24 (Xinhua) -- Hongshi Holding Group Co., Ltd. (Hongshi) successfully issued 3-year corporate bonds of 300 million yuan for Belt and Road construction on January 19, according to a source from the Shanghai Stock Exchange.
This has been the first domestic corporate bond for Belt and Road construction.
Underwrittern by Guotai Junan Securities, the bonds were rated at AAA level and issued with an interest rate of 6.34 percent and a subscription rate of 2.67 times.
The funds raised from the bond issuance will be used to purchase the equipment for Hongshi's cement project in Vientiane, Laos.
After its completion, the project is expected to produce 2 million tonnes of high-grade cement annually, supplying cement for major infrastructural construction in Laos.
In March 2017, UC Rusal issued a panda bond privately on the Shanghai Stock Exchange as the first panda bond issued by countries along the Belt and Road. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
Most Read
Related Coverage
Focus
BYD signs deal to build cross-sea monorail in Brazil
February 15, 2019
China reports January FDI rise
February 15, 2019
China-aided state house handed over to Burundi
February 15, 2019
China issues guideline on reinforced financial support
February 15, 2019
Think Tank
How Can China’s Economy Maintain Steady Growth at a...
February 15, 2019
China needs to keep expanding its interconnectivity with global markets, pro...
Will China be the next Japan or South Korea?
February 12, 2019
As the development phase changes, expanding domestic demand has been brought...
Is GDP an obsolete tool in an era of social well-bei...
February 2, 2019
A serious talk has to take place between scholars and international organiza...
Consumption quality of China’s middle-income popula...
January 31, 2019
Building and expanding China's consumer market will not only need to increas...
Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.
Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.