By Reshmi Basu
New York, July 24 - China Netcom (Group) Co. Ltd. said it sold RMB 10 billion of 365-day commercial paper to bear an interest rate of 3.35%.
This is the first tranche under the company's RM 20 billion commercial paper program.
The Beijing-based issuer is a facilities-based broadband telecommunications operator in China.
| Issuer: | China Netcom (Group) Co. Ltd.
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| Amount: | RMB 10 billion
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| Issue: | Commercial paper
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| Maturity: | 365 days
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| Interest rate: | 3.35%
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| Pricing date: | July 20
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| Settlement date: | July 24
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