Bloomberg News

Kunming Iron, Shandong Mining, Chang Hwa Bank : China Bond Alert

April 01, 2013

Kunming Iron & Steel Co., Shandong Mining Machinery Group Co., China Development Bank Corp. and Chang Hwa Commercial Bank are among issuers that may sell bonds denominated in yuan.

Domestic Bonds

KUNMING IRON & STEEL CO.: The company plans to sell 1.1 billion yuan ($177.2 million) of five-year bonds on April 10, according to data compiled by Bloomberg. (Added April 2)

SHANDONG MINING MACHINERY GROUP CO.: The company plans to sell 350 million yuan of one-year bonds on April 10, according to data compiled by Bloomberg. (Added April 2)

CHINA DEVELOPMENT BANK CORP.: The lender plans to upsize four batches of bonds by a total of as much as 20 billion yuan today, according to a statement on the Chinese government bond clearing house’s website. The bonds have maturities of one, three, five and seven years. (Updated April 2)

SHENZHEN AIRLINES CO.: The company plans to sell 700 million yuan of one-year bonds on April 9, according to data compiled by Bloomberg. (Added April 1)

YUNNAN LOGISTICS INDUSTRY GROUP CO.: The state-owned company plans to issue 250 million yuan of one-year notes on April 8, data compiled by Bloomberg show. (Added April 1)

PING AN INSURANCE (GROUP) CO.: The company won approval from the China Securities Regulatory Commission to sell convertible bonds, according to a statement on the regulator’s website. The insurer renewed the mandate for the sale of up to 26 billion yuan of debt in December. (Added March 28)

MINISTRY OF FINANCE: The ministry will sell 26 billion yuan of two-year bonds on April 3, according to a statement posted to the Chinese government’s bond clearing house website. (Added March 28)

CHONGQING RURAL COMMERCIAL BANK CO.: The lender plans to issue as much as 5 billion yuan of bonds to replenish its tier 2 capital, according to a statement to the Hong Kong stock exchange. (Added March 25)

JAGUAR LAND ROVER LTD.: The carmaker owned by India’s Tata plans to sell $1 billion of bonds aimed at Chinese investors this year, probably in June or July, in Beijing or Shanghai, the Sunday Times reported, without saying where it got the information from. (Added March 25)

SHANDONG GOLD MINING CO.: The company won approval from the China Securities Regulatory Commission for a 3.3 billion yuan bond sale, according to a statement to the Shanghai stock exchange. (Added March 25)

ZHEJIANG EXPRESSWAY CO.: The company proposes selling up to 1 billion yuan of bonds that need approval from shareholders and the China Securities Regulatory Commission, according to a statement to the Hong Kong stock exchange. (Added March 20)

SHANGHAI SHENTONG METRO CO.: The company plans to sell 6 billion yuan of five-year bonds, according to a report from China Knowledge. (Added March 18)

HUATAI SECURITIES CO: The company’s board approved issuance of up to 10 billion yuan of bonds, according to a statement posted to the Shanghai stock exchange. (Added March 12)

HARBIN ELECTRIC CO.: The company has won regulatory approval to sell five-year bonds with the size of the first portion amounting to 3 billion yuan, according to a statement to the Hong Kong stock exchange. (Added March 7)

MAANSHAN IRON & STEEL: The company’s board approved the sale of 900 million yuan of five-year bonds by its subsidiary in the eastern Chinese city of Hefei, according to a statement to the Shanghai Stock Exchange. (Added March 6)

Offshore Bonds

CHANG HWA COMMERCIAL BANK: The lender plans to sell 3 billion yuan of bonds with a maturity of three to five years, according to a company statement to the Taiwan Stock Exchange. (Added April 1)

DEUTSCHE BANK AG: The bank won approval from Taiwan’s central bank to sell $1 billion of foreign-currency bonds on the island, according to a person familiar with the matter. The lender previously applied to the central bank to sell as much as 2 billion yuan of five- and three-year notes. The three-year debt was priced at 2.3 percent, Reuters reported. (Updated March 26)

BARCLAYS PLC: The bank plans to sell yuan-denominated bonds in Taiwan, Taiwan Chief Executive Officer Cosmas Lu said at a yuan business forum in Taipei on March 8. (Added March 11)

HSBC HOLDINGS PLC: The lender is evaluating a possible sale of yuan bonds in Taiwan, Sam Ang, senior vice president and chief auditor at HSBC Taiwan, said at the yuan conference. (Added March 11)

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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