Bloomberg News

CSR, New China Life Insurance, Gazprombank: China New Bond Alert

February 03, 2013

CSR Corp., New China Life Insurance Co., Chinatex Corp. and OAO Gazprombank are among issuers that may sell bonds in the nation’s debt markets.

Domestic Bonds

CSR CORP.: The company may sell as much as 5 billion yuan ($803 million) of medium-term notes after the board approved a plan to sell debt with maturities of five to 10 years to replenish working capital, according to a statement to the Shanghai stock exchange. (Added Feb. 4)

NEW CHINA LIFE INSURANCE CO.: The company plans to sell as much as 5 billion yuan of bonds this year with maturities of more than five years, according to a statement to the Hong Kong stock exchange. (Added Feb. 4)

CHINATEX CORP.: The company plans to sell 1 billion yuan of 365-day bonds tomorrow, according to data compiled by Bloomberg. (Updated Feb. 4)

CHINA DEVELOPMENT BANK: The bank plans to upsize five batches of bonds by as much as 30 billion yuan combined tomorrow, according to a statement on the Chinese government bond clearing house’s website. (Updated Feb. 4)

YUNTIAN CHEMICAL GROUP CO.: The company plans to sell 2 billion yuan of one-year bonds tomorrow, according to data compiled by Bloomberg. (Updated Feb. 4)

CITIC GUOAN GROUP: The company plans to sell 2 billion yuan of one-year bonds tomorrow, according to data compiled by Bloomberg. (Updated Feb. 4)

NANJING CHINA ELECTRONICS PANDA CO.: The company plans to sell 1.1 billion yuan of 365-day bonds tomorrow, according to data compiled by Bloomberg. (Updated Feb. 4)

ZHANGZHOU JIULONGJIANG CONSTRUCTION CO.: The company plans to sell 1 billion yuan of 365-day bonds on tomorrow, according to data compiled by Bloomberg. (Updated Feb. 4)

CITIC DAMENG HOLDINGS LTD.: The company plans to sell 1 billion yuan of bonds, according to a Hong Kong stock exchange announcement. (Added Feb. 1)

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

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)

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)

Dim Sum Bonds

OAO GAZPROMBANK: The Russian leder is marketing 3-year Dim Sum bonds at a yield of about 4 percent, according to a person familiar with the matter. (Added Feb. 4)

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: Rachel Evans in Hong Kong at revans43@bloomberg.net

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


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