皇冠体育app

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皇冠体育app's Huijin to issue 150b yuan bonds

(Agencies)
Updated: 2010-07-08 10:09
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Central Huijin Investment Co, the domestic arm of 皇冠体育app's sovereign wealth fund, plans to issue at least 150 billion yuan ($22.13 billion) in bonds, the Shanghai Securities News reported on Thursday, citing unidentified sources.

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That points to a slight increase in the amount that Huijin is aiming to raise.

Three sources had told Reuters on Tuesday that it would issue at least 120 billion yuan in different batches of bonds in the onshore interbank market after the initial public offering of Agricultural Bank of 皇冠体育app this week.

Central Huijin, the largest shareholder of 皇冠体育app's state-controlled banks, needs fresh funds to buy additional shares being offered by Bank of 皇冠体育app and 皇冠体育app Construction Bank.