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SME Group Bond Lands in Shenzhen and Inter-bank Market

04-29 13:44 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-04-28/110155670.html

» The Shenzhen Stock Exchange and the inter-bank market began trading on April 28 bonds jointly issued by eight small- and medium-sized companies from Dalian.

» The bonds, totaling 515 million yuan and maturing in 6 years at an interest rate of 6.53 percent, sold out on their first day of trading.

» The third SME group bond in China, the issuance expands financial channels for Chinese SMEs.

» The Dalian government selected the companies and provided a 2 percent coupon for the bond.

 

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