Bloomberg News

Jiangsu Hongtu, Citic Guoan, Russian Standard: China Bond Alert

January 30, 2013

Jiangsu Hongtu High Technology Co., Yuntian Chemical Group Co., Citic Guoan Group and Russian Standard Bank ZAO are among issuers that may sell bonds in the nation’s debt markets.

Domestic Bonds

JIANGSU HONGTU HIGH TECHNOLOGY CO.: The company plans to sell 400 million yuan ($64 million) of three-year bonds on Feb. 6, according to a statement posted to Chinabond.com.cn, the bond clearinghouse website. (Added Jan. 31)

YUNTIAN CHEMICAL GROUP CO.: The company plans to sell 2 billion yuan of one-year bonds on Feb. 5, according to data compiled by Bloomberg. (Added Jan. 31)

CITIC GUOAN GROUP: The company plans to sell 2 billion yuan of one-year bonds on Feb. 5, according to data compiled by Bloomberg. (Added Jan. 31)

TAIYUAN HEAVY INDUSTRY CO.: The machinery manufacturer plans to sell 1 billion yuan of one-year bonds today, according to data compiled by Bloomberg. (Updated Jan. 31)

NANJING CHINA ELECTRONICS PANDA CO.: The company plans to sell 1.1 billion yuan of 365-day bonds on Feb. 5, according to data compiled by Bloomberg. (Added Jan. 30)

ZHANGZHOU JIULONGJIANG CONSTRUCTION CO.: The company plans to sell 1 billion yuan of 365-day bonds on Feb. 5, according to data compiled by Bloomberg. (Added Jan. 30)

FUFENG GROUP LTD.: The company will sell medium-term notes of up to 1.2 billion yuan with the first tranche of 600 million yuan to be issued on or about Jan. 31, according to a statement to the Hong Kong stock exchange. The proceeds will be used to repay bank loans, it said. (Added on Jan. 28)

BANK OF NINGBO CO.: The lender won approval from the China Banking Regulatory Commission to issue 8 billion yuan of bonds, according to a statement to the Shenzhen Stock Exchange. (Added on Jan. 24)

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 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)

CITIC SECURITIES CO.: The company is seeking approval to issue up to 40 billion yuan of yuan-denominated debt in onshore and offshore markets, according to a filing to Hong Kong’s stock exchange. (Added Jan. 24)

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)

Dim Sum Bonds

RUSSIAN STANDARD BANK ZAO: The bank is marketing two-year Dim Sum bonds in the 8 percent area, according to a person familiar with the matter. (Added Jan. 31)

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)

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 Bloomberg News staff for this story: Henry Sanderson in Beijing at hsanderson@bloomberg.net

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


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