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ChinaScope Financial
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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • China's Ministry Of Railways Issues Bonds Worth CNY 27 Bn Today, 18% Of Annual Target 2 comments
    Jul 31, 2012 2:43 AM

    Source: China Bond, ChinaScope Financial (Data)

    + The Ministry of Railways (MOR) will auction CNY 27 billion bonds today. This is the MOR's third bond issuance in 2012; CNY 20 billion and CNY 18 billion bonds were issued in June and early July, respectively.

    + The State Council and the National Development and Reform Commission have allowed the MOR to issue a record high of CNY 150 billion bonds in 2012.

    Asset growth is outpacing revenue growth, leading to decline in the gross margin.(click to enlarge)

    High fixed assets investments have necessitated increase in debt taking, most of which is from domestic long-term loans.
    (click to enlarge)

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Comments (2)
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  • dachent
    , contributor
    Comments (8) | Send Message
     
    How can I find the prospectus for these bonds? At what prices were the bonds auctioned off?
    20 Aug 2012, 03:13 PM Reply Like
  • ChinaScope Financial
    , contributor
    Comments (4) | Send Message
     
    Author’s reply » dachent, you can find it here http://bit.ly/NjNN05

     

    But it is all in Chinese.
    22 Aug 2012, 02:18 AM Reply Like
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