Bloomberg News

Guangzhou Automobile, Jiuquan Iron, State Grid: China Bond Alert

January 22, 2013

Guangzhou Automobile Group Co., Jiuquan Iron & Steel Group Co., Tianjin Port Co., China State Grid Corp., Ministry of Finance, China Southern Power Grid Co. are among issuers that may sell bonds in the nation’s debt markets.

Domestic Bonds

CHINA INSURANCE REGULATORY COMMISSION: China may allow insurance groups and holding companies to sell subordinated debt, according to a draft amendment posted by the China Insurance Regulatory Commission on its website seeking comment. Insurance groups or holding companies can’t issue subordinated debt under existing rules (Added Jan. 23)

GUANGZHOU AUTOMOBILE GROUP CO.: The company won approval to sell up to 6 billion yuan ($965 million) of bonds in multiple tranches, the first of which can be no more than 50 percent of the total amount, according to a statement to the HK stock exchange. (Added Jan. 23)

JIUQUAN IRON & STEEL GROUP CO.: The company plans to sell 1 billion yuan of one-year notes on Jan. 29, according to data compiled by Bloomberg. (Added Jan. 23)

TIANJIN PORT CO.: The company plans to sell 1 billion yuan of five-year bonds on Jan. 29, according to a statement posted on Chinamoney.com.cn, a website of the China Foreign Exchange Trade System. (Added Jan. 23)

CHINA STATE GRID CORP.: The utility company plans to sell 10 billion yuan of seven-year bonds and 10 billion yuan of 15- year notes today, according to a statement posted to the Chinese government bond clearing house website. (Updated Jan. 23)

MINISTRY OF FINANCE: The ministry will sell 30 billion yuan of seven-year government bonds today, according to data compiled by Bloomberg. (Updated Jan. 23)

CHINA SOUTHERN POWER GRID CO.: The company will sell 5 billion yuan of three-year bonds today, according to a statement on the Chinese bond clearing website. (Updated Jan. 23)

BEIJING JINGNENG CLEAN ENERGY CO.: The company plans to sell 900 million yuan of 365-day debt today, according to a statement on Chinamoney.com.cn, a website of the China Foreign Exchange Trade System. (Updated Jan. 23)

CITIC SECURITIES CO.: The company is seeking approval to issue up to 40 billion of yuan-denominated debt in onshore and offshore markets, according to a filing to Hong Kong’s stock exchange. (Added Jan. 22)

JUSHI GROUP CO.: The company plans to sell 700 million yuan of one-year bonds on Jan. 24, according to data compiled by Bloomberg. (Added Jan. 21)

GUANGDONG ELECTRIC POWER DEVELOPMENT CO.: The company plans to sell 600 million yuan of 365-day debt on Jan. 25, according to a statement on Chinamoney.com.cn, a website of the China Foreign Exchange Trade System. (Added Jan. 21)

HEBEI IRON & STEEL CO.: The company has regulatory approval to sell 5 billion yuan of bonds, according to a statement posted to the Shenzhen Stock Exchange. (Added Jan. 9)

SHANXI TAIGANG STAINLESS STEEL CO.: The company won approval from the National Association of Financial Market Institutional Investors to sell 9 billion yuan of bonds, according to a statement posted to the Shenzhen Stock Exchange. (Added Jan. 9)

FOUNDER SECURITIES CO.: The company’s board has approved a 5 billion yuan bond sale, according to an exchange statement. (Added Jan. 4)

SPRINGLAND INTERNATIONAL HOLDINGS LTD.: The company has entered an underwriting agreement with China Construction Bank and Export-Import Bank of China to sell 1.5 billion yuan of one- year notes, according to a statement to the Hong Kong stock exchange. (Added Jan. 4)

LOCAL GOVERNMENTS OF TIANJIN, GUANGZHOU, WUXI, ZHENJIANG AND YANCHENG: Financing vehicles in the five cities have been approved by the National Development & Reform Commission to sell a combined 15 billion yuan of bonds in a pilot program to raise funds for small businesses, two people familiar with the matter said. (Added Dec. 31)

EVERBRIGHT SECURITIES CO.: The brokerage got central bank approval to sell 8.5 billion yuan of bonds, according to a statement to the Shanghai Stock Exchange. (Added Dec. 28)

BANK OF BEIJING CO.: The bank has won approval from People’s Bank of China to sell up to 30 billion yuan of debt on the nation’s interbank market, according to a statement to Shanghai’s stock exchange. (Added Dec. 25)

Dim Sum Bonds

CITIC SECURITIES CO.: The company is seeking approval to issue up to 40 billion of yuan-denominated debt in onshore and offshore markets, according to a filing to Hong Kong’s stock exchange. (Jan. 22)

KEPPEL CORP.: The world’s biggest oil-rig builder may sell yuan-denominated bonds offshore, according to its chief financial officer Loh Chin Hua in a Jan. 15 interview in Singapore. (Added Jan. 16)

To contact the reporter on this story: Tanya Angerer in Singapore at tangerer@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


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