Bloomberg News

Shanghai Electric Power, Development Bank: China Bond Alert

February 25, 2013

Shanghai Electric Power Co. and China Development Bank are among issuers that may sell bonds in the nation’s debt markets.

Domestic Bonds

SHANGHAI ELECTRIC POWER CO.: The company won approval from the China Securities Regulatory Commission to sell 1.5 billion yuan ($241 million) of bonds, according to a statement posted on the Shanghai Stock Exchange. (Added Feb. 26)

CHINA DEVELOPMENT BANK CO.: The lender will sell up to 6 billion yuan of additional bonds each with maturities of one-, three-, five-, seven- and 10-years today, according to a statement on the Chinese government bond clearing house website. (Updated Feb. 26)

BANK OF BEIJING CO.: The bank will sell 20 billion yuan of bonds on Feb. 28, according to a statement posted on Chinamoney.com.cn, a website of the China Foreign Exchange Trade System. The lender has an option to sell an additional 10 billion yuan, according to the statement. (Added Feb. 25)

MINISTRY OF FINANCE: The ministry will sell 22 billion yuan of seven-year bonds on Feb. 27, according to a statement posted to Chinabond.com.cn. (Added Feb. 22)

MINISTRY OF RAILWAYS: The ministry will be granted a quota to sell 150 billion yuan of bonds annually for several years, 21st Century Business Herald reported, citing an unidentified person from the ministry. (Added Feb. 22)

ALUMINUM CORP. OF CHINA LTD.: The company will sell 5 billion yuan of 365-day securities on Feb. 27, according to a statement on the Shanghai Clearing House website. (Added Feb. 21)

CHINA MINSHENG BANKING CORP. LTD.: The company has approval from the China Securities Regulatory Commission to sell 20 billion yuan of convertible bonds, according to a statement to the Shanghai stock exchange. (Added Feb. 8)

FIRST TRACTOR CO.: The company received permission to issue 1.5 billion yuan of bonds from the China Securities Regulatory Commission, according to a company statement to Hong Kong Stock Exchange. (Added Feb. 7)

CSR CORP.: The company may sell as much as 5 billion yuan of medium-term notes after the board approved a plan to issue 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 in 2013 with maturities of more than five years, according to a statement to the Hong Kong stock exchange. (Added 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)

Dim Sum Bonds

DEUTSCHE BANK AG: The bank plans to sell up to 2 billion yuan of bonds in Taiwan as soon as the first quarter, Reuters reported, citing three sources with close knowledge of the issue. (Added Feb. 25)

SHENZHEN QIANHAI DEVELOPMENT AND INVESTMENT HOLDINGS CO.: The company may sell 1.5 billion yuan of three-year Dim Sum bonds as early as March with an interest rate of 4 percent, the Hong Kong Economic Times reported, citing unidentified people. (Added Feb. 8)

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

--Judy Chen. Editor: Simon Harvey

To contact Bloomberg News staff for this story: Judy Chen in Shanghai at xchen45@bloomberg.net.

To contact the editor responsible for this story: James Regan at jregan19@bloomberg.net


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