Airline's bonds
Source: Xinhua |
June 14, 2012, Thursday
|
Print Edition
Print Edition
CHINA Eastern Airlines, the country's second-largest carrier by passenger numbers, yesterday said it plans to issue up to 8.8 billion yuan (US$1.4 billion) in corporate bonds.
The proceeds will be used to purchase aircraft, replace bank loans, optimize financing and replenish operating capital, the company said in a statement filed to the Shanghai Stock Exchange.
The bonds will have a maturity of up to 10 years, according to the statement.
The proceeds will be used to purchase aircraft, replace bank loans, optimize financing and replenish operating capital, the company said in a statement filed to the Shanghai Stock Exchange.
The bonds will have a maturity of up to 10 years, according to the statement.
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