Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
SDIC issues US$1b debts overseas
Print Edition
STATE Development and Investment Corp, China’s largest state-owned investment holding company, has for the first time issued US dollar-denominated corporate bonds overseas.
Priced to yield 2.875 percent for the five-year tenor and 3.625 percent for the 10-year tenor, the bonds, worth US$1 billion, were multiple times oversubscribed, with 80 percent of investors from Asia, said SDIC.
The company called the event a “milestone” for its internationalization.
The issuance will widen financing channels, facilitate overseas investment and acquisitions, and contribute to the Belt and Road initiative, said SDIC.
Global rating agencies, including Moody’s and Fitch, assigned the notes high ratings.
SDIC raked in 18 billion yuan (US$2.6 billion) of profits in 2016, up 9 percent from a year ago, and its operating revenue was 98.4 billion yuan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
