China Railway Corp. 20 to issue RMB billion worth of bonds for rail construction: Chinese railway company China Railway Corporation (CRC) announced plans to issue bonds for RNX billion worth of railways this year. The seven-year bond issuance is the third bond issue by China Railway Corporation (CRC) since the end of July.
China Railway Corporation (CRC) aims to support railroad constructions with funding from bonds to be issued.
Bond issuance will be under the guarantee of China Development Bank Securities, Essence Securities, China Merchants Securities, Huatai United Securities, Southwest Securities and China International Capital Corporation Limited. Beijing-based China Cheng Xin International Credit Rating Co. announced the company's credit rating as “AAA” with the bonds to be issued.
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