Bloomberg News

EXIM Bank, Shanghai Electric, Development Bank: China Bond Alert

March 03, 2013

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

Domestic Bonds

EXPORT IMPORT BANK OF CHINA: The bank will sell 15 billion yuan ($2.4 billion) of five-year bonds and a similar amount of seven-year debt on March 7, according to a statement on Chinamoney.com.cn, a website of the China Foreign Exchange Trade System. (Added March 4)

SHANGHAI ELECTRIC POWER CO.: The company will sell 1.5 billion yuan of five-year bonds today, according to a statement posted on the Shanghai Stock Exchange. (Updated March 4)

CHINA DEVELOPMENT BANK CORP: The bank plans to upsize four batches of bonds by as much as 21 billion yuan in total on March 5, according to a statement on the Chinese government bond clearing house’s website. The bonds have maturities of one, three, five and seven years. (Added Feb. 28)

MINISTRY OF FINANCE: The ministry will sell 22 billion yuan of five-year bonds on March 6, according to a statement posted to the Chinese government bond clearing house’s website. (Added Feb. 28)

SHANGHAI INTERNATIONAL PORT CO.: The company will sell 3 billion yuan of one-year bonds on March 6, according to a statement on the Shanghai Clearing House’s website. (Added Feb. 27)

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)

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)

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)

To contact the reporter on this story: Kyoungwha Kim in Singapore at kkim19@bloomberg.net

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


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