China's ZTE gets approval to issue up to RMB 6 billion corporate bonds

By Marisa Wong

Madison, Wis., June 6 - ZTE Corp. said it received approval from the China Securities Regulatory Commission to issue up to RMB 6 billion of corporate bonds to the public.

ZTE said it will issue the bonds in multiple tranches. The first tranche will make up at least 50% of the total nominal amount of the bonds and will be issued within six months. The remaining tranches will be completed within 24 months.

ZTE is a telecommunications equipment and systems company based in Shenzhen, China.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.