Bloomberg News

Power Investment, Fufeng, Finance Ministry: China New Bond Alert

April 09, 2013

China Power Investment Corp., Fufeng Group Ltd. and the Ministry of Finance are among issuers that may sell bonds denominated in yuan.

Domestic Bonds

CHINA POWER INVESTMENT CORP.: The company will sell 4 billion yuan ($646 million) of 180-day bonds tomorrow, according to a statement on the Shanghai Clearing House website. (Added April 10)

FUFENG GROUP LTD.: The company plans to issue 1.2 billion of three-year notes, with the first tranche of 600 million yuan to be sold on or about April 19, according to a statement to the Hong Kong stock exchange. (Added April 10)

AGRICULTURE DEVELOPMENT BANK OF CHINA: The bank will sell 15 billion yuan of three-year bonds tomorrow, according to a statement posted to Chinabond.com.cn, the Chinese government bond clearing house website. (Added April 10)

MINISTRY OF FINANCE: The government will sell at least 30 billion yuan of one-year bonds today at a yield of 2.64 percent, according to the median estimate in a Bloomberg News survey. (Updated April 10)

KUNMING IRON & STEEL CO.: The company plans to sell 1.1 billion yuan of five-year bonds today, according to data compiled by Bloomberg. (Updated April 10)

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

EXPORT IMPORT BANK OF CHINA: The state lender plans to sell 15 billion yuan 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)

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 tomorrow, according to a statement posted on the Shanghai Clearing House’s website. (Added April 10)

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)

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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