China’s Rongshi International to list $3 billion note program

By Rebecca Melvin

New York, Oct. 28 – Rongshi International Finance Ltd. is listing a $3 billion medium term note program guaranteed by State Development & Investment Corp. Ltd. on the Hong Kong Stock Exchange, according to a notice.

The program is expected to become effective on Friday.

ICBC, BOC International, DBS Bank Ltd. and J.P. Morgan are arrangers and dealers of the notes program.

The issuer is an investment company based in the Virgin Islands.

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