China Communications Construction gets OK for RMB 12 billion of bonds

By Marisa Wong

Madison, Wis., Aug. 7 - China Communications Construction Co. Ltd. said it received approval on Aug. 6 from the China Securities Regulatory Commission to issue up to RMB 12 billion of domestic corporate bonds.

The bonds will be issued in multiple tranches. The size of the first tranche will be at least 50% of the total principal amount of bonds to be issued.

The company said it expects to issue the first tranche within six months.

The regulatory commission approval is valid for 24 months.

The construction company is based in Beijing.

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