Bonds News
- New corporate bonds approved
Date: 27-Sep-2007 Sources: (Shenzhen Daily)
THE country's economic planning agency has approved the issuance of 99.5 billion yuan (US$13.3 billion) in new bonds by non-listed firms, bringing the total quota for this year to almost 200 billion yuan, domestic media reported yesterday.
While the new quotas granted by the National Development and Reform Commission mark a significant expansion from the 60.8 billion yuan issued in all of last year, they still fall short of the 300 billion yuan that domestic media said the agency could approve this year.
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