BEIJING (AFX-ASIA) – China’s State Grid Corp, one of the country’s two power transmission firms, plans to raise 5-8 billion yuan every year for the next several years by issuing corporate bonds to fund investments, the China Daily reported, quoting general manager Zhao Xizhen. (US$1=8.27 yuan). This will be on top of the 5 billion…
CHINA: State Grid plans to raise 5-8 billion yuan a year via bond issues
Posted on February 17, 2004 by EnergyAsia