China Railway plans to issue up to 20 billion yuan in bonds

China Railway Corp, the new commercial arm of the former Ministry of Railways, plans to issue up to 20 billion yuan (HK$25.1 billion) of fixed-rate enterprise bonds in June, according to three sources familiar with the situation, IFR Asia reported on Friday.

The deal, the debut enterprise bond offering from the newly created entity, has a planned tenor of 10 years, it said.

via Business feed http://www.scmp.com/business/economy/article/1250369/china-railway-plans-issue-20-billion-yuan-bonds