Sino-Singapore Tianjin Eco-City Investment Development Co. announced on Monday that it had successfully issued overall 1 billion yuan worth of 3-year offshore RMB-denominated bonds in Singapore. It became the first non-financial enterprise in China to issue offshore RMB-denominated bonds.
The coupon rate of the bonds was set at 4.65 percent, according to the company The bonds were popular among institutional investors, with the subscription over 3 times the volume offered.
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