State-owned firm issues $500 million bonds overseas
(chinadaily.com.cn), Updated: 2018-02-07
More than 150 renowned international investment institutions around the world, especially in Europe and the United States, have shown interest in Xiangyu Group's bonds. [Photo provided to chinadaily.com.cn] |
Chen Fang, president of Xiangyu Group, said that the capital raised by the bonds will be used in the Group's projects in Indonesia, which are a key part of production capacity cooperation along the "Belt and Road" countries.
"The successful bond issue shows the favorable attitude of international investors towards the strength and development of China, Xiamen and Xiangyu Group," Chen commented. "It will help Xiamen attract more financial resources from the world, and it's a good basis on which Xiamen could construct a free trade port."
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