First official Belt and Road bond issued on Shanghai exchange

The first official Belt and Road bond in China’s domestic market offered few advantages for the issuer. Hongshi Holding Group, a privately owned cement maker, printed the $300 million yuan ($47 million) three-year corporate bond on the Shanghai Stock Exchange on January 19. “It is just a new label under the CSRC,” said a source close to Hongshi’s deal. “It does not seem to … http://cnb.cx/2GDPCb9

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