Bonds Mar 03

First debt issued under new securities regulation

Three firms launch bonds with a total of value of 21.7-billion yuan  

First bonds issued under new securities law
China's bond market could play a greater role in supporting the real economy. Photo: iStock

(ATF)  – Three companies issued bonds on March 2, the first working day in which China's new Securities Law was formally implemented.

The companies – Shenzhen Yiyattong Supply Chain, Overseas Chinese Town Group and Lanfan Medical – issued bonds totalling about 21.7 billion yuan (US$3.1 billion).

The lead underwriters were CITIC Construction Investment, Industrial Securities and CITIC Securities, Shanghai Securities News reported. 

The first company to get the honor of being the first to issue bonds under the new law was China Coal Energy, which issued corporate bonds worth 10 billion yuan, Xinhua reported.