Bloomberg News

Finance Ministry, Citic, Development Bank: China New Bond Alert

May 12, 2013

The Ministry of Finance, Citic Securities Co. and China Development Bank are among issuers that may sell bonds denominated in yuan.

Domestic Bonds

MINISTRY OF FINANCE: The ministry will sell 20 billion yuan ($3.3 billion) of 50-year government bonds on May 17, according to a statement posted on its website. (Added May 13)

CITIC SECURITIES CO.: The brokerage has received approval from the China Securities Regulatory Commission to sell 20 billion yuan of bonds, according to a statement to the Shanghai Stock Exchange on May 10. (Added May 13)

CHINA DEVELOPMENT BANK: The bank plans to auction 6 billion yuan each of three-, five- and 10-year bonds, as much as 5 billion yuan of one-year notes and up to 7 billion yuan of seven-year securities tomorrow, according to a statement posted on Chinabond.com.cn, the Chinese government bond clearing house website. (Updated May 13)

ALUMINUM CORP. OF CHINA LTD.: The company will sell 5 billion yuan of one-year bonds on May 16, according to a statement on Chinamoney.com.cn, a website of the China Foreign Exchange Trade System. (Added May 10)

MINISTRY OF FINANCE: The ministry will sell 30 billion yuan of seven-year bonds on May 15, according to a statement posted on its website. (Added May 9)

AGRICULTURAL BANK OF CHINA LTD.: The bank plans to sell as much as 90 billion yuan of new capital instruments to boost Tier-1 and Tier-2 capital by the end of 2015, according to a statement to the Hong Kong stock exchange. (Added April 30)

BANK OF CHINA LTD.: The company’s board approved a plan to sell up to 60 billion yuan of capital instruments to replenish Tier-2 capital by the end of 2015, it said in a statement to the Hong Kong stock exchange. (Added April 30)

FLYING FINANCIAL SERVICE HOLDINGS LTD.: The company plans to sell 100 million yuan of two-year bonds, according to a statement to the Hong Kong stock exchange. (Added April 11)

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)

Offshore Bonds

GOLOMT BANK OF MONGOLIA: The bank is studying the offshore yuan bond market, according to Zagal Badamgerel, a vice president and director in the lender’s investment banking division. (Added May 9)

TECO ELECTRIC AND MACHINERY CO.: The company plans to sell as much as 300 million yuan of bonds in Taiwan with a three or five-year maturity, according to a statement to the stock exchange. (Added April 17)

CHINA GREEN HOLDINGS LTD.: The company plans to issue 1.4 billion yuan of three-year convertible bonds after failing to repay maturing equity-linked debt that settles in U.S. dollars, according to a statement to the Hong Kong stock exchange. (Added April 16)

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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