Bloomberg News

EXIM Bank, Yangtze Power, Shanghai Tonva: China New Bond Alert

April 07, 2013

The Export Import Bank of China, China Yangtze Power Co. Ltd., and Shanghai Tonva Petrochemical Co. are among issuers that may sell bonds denominated in yuan.

Domestic Bonds

EXPORT IMPORT BANK OF CHINA: The state lender plans to sell 15 billion yuan ($2.4 billion) of three-year floating-rate bonds and as much as 20 billion yuan of seven-year bonds on April 12, according to a statement on Chinamoney.com.cn, a website of the China Foreign Exchange Trade System. (Added April 8)

CHINA YANGTZE POWER CO. LTD.: The company will sell 3 billion yuan of 180-day debt today, according to a statement on Chinamoney.com.cn, a website of the China Foreign Exchange Trade System. (Added April 8)

SHANGHAI TONVA PETROCHEMICAL CO.: The company plans to issue up to 300 million yuan of debt with maturities of up to five years, according to an April 5 filing to the Hong Kong stock exchange. (Added April 8)

HUAINAN MINING INDUSTRY GROUP CO.: The company will sell 2.5 billion yuan of 365-day bonds on April 11, according to a statement posted on the Shanghai Clearing House’s website. (Added April 8)

CHINA DEVELOPMENT BANK CORP.: The bank will sell up to 30 billion yuan of bonds with maturities varying from one year to 10 years on April 9, according to a statement posted to Chinabond.com.cn, the Chinese government bond clearing house website. (Added April 8)

CHINA RAILWAY MATERIALS CO.: The company will sell 1.1 billion yuan of 365-day bonds on April 9, according to a statement posted on the Shanghai Clearing House’s website. (Added April 8)

MINISTRY OF FINANCE: The government will sell 30 billion yuan of one-year bonds on April 10, according to a statement on its web site. (Added April 8)

CHINA YONGDA AUTOMOBILES SERVICES HOLDINGS LTD.: The company plans to sell 1 billion yuan of bonds locally in the first half, Vice Chairman Wang Zhigao said in a briefing in Hong Kong. (Added April 3)

CHINA SANJIANG FINE CHEMICALS CO.: The company won approval to issue up to 700 million yuan of bonds with a maturity of one year or less from the National Association of Financial Market Institutional Investors, according to a company statement on the Hong Kong exchange. (Added April 3)

KUNMING IRON & STEEL CO.: The company plans to sell 1.1 billion yuan 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)

SHENZHEN AIRLINES CO.: The company plans to sell 700 million yuan of one-year bonds tomorrow, according to data compiled by Bloomberg. (Updated April 8)

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

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)

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: 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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