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China Railway Co. to issue RMB20 bln railway construction bonds July 14

BEIJING
2015-07-14 10:14

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China Railway Corporation (CRC) would sell overall 20 billion yuan worth of 10-year and 20-year railway construction bonds on Tuesday.

The Chinese railway giant would raise 15 billion yuan via the 10-year product and 5 billion yuan via the 20-year product. This batch of railway construction bonds is the 4th batch planned to be offered by the company in 2015, with railway construction funds providing irrevocable guarantee.

According to the CRC, China Chengxin International Credit Rating Co. granted AAA-credit ratings to both the issuer and the bonds.
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