China Na toy manufacturer tional Travel Service (HK) to issue RMB 2 bln bonds
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China National Travel Service (HK) to issue RMB 2 bln bondsPublished: 04 Dec 2008 02:11:41 PST

Dec. 4, 2008 (China Knowledge) - China National Travel Service (HK) Group Corp, controlled by the State-owned Asset Supervision and Administration Commission (SASAC), announced it would issue RMB 2 billion fixed-rate corporate bonds with a maturity of five years from today to Dec. 10.

The interest rate of the bonds is set at 4.28%, according to the company's statement posted on the official Chinabond.com website.

RMB 1.4 billion of the proceeds from the issuance will be used to finance the projects in Zhuhai and Xianyang, while the rest will be used to replenish working capital and repay bank loans, according to the company.

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