Zhejiang Narada Power Source Co. (300068.SZ) announced on Thursday that it has obtained the approval from the China Securities Regulatory Commission (CSRC) to issue up to 1.2 billion yuan worth of corporate bonds.
The corporate bonds will be offered towards qualified investors. Based on the announcement, the corporate bonds will be issued in tranches, with the first batch to be auctioned in 12 months after the approval and the rest to be issued in 24 months after the approval.
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