Thursday, August 13, 2009
China to Force Higher Rates for Corporate Bonds
hinese companies will need to boost yields on some new corporate bonds to make them more competitive as the government seeks to spur investor interest in fixed- income securities.
New five-year notes in the interbank market -- the biggest of China’s three corporate bond markets -- must offer a minimum 4.2 percent yield, according to minutes of an Aug. 7 meeting between the National Association of Financial Market Institutional Investors and 16 underwriters. That compares with 3.9 percent for an Aug. 3 issue by China’s top-rated Aviation Industry Corp. and the 2.95 coupon rate in a June issue by Microsoft Corp...
Bloomberg: China to Force Higher Rates for Corporate Bonds
New five-year notes in the interbank market -- the biggest of China’s three corporate bond markets -- must offer a minimum 4.2 percent yield, according to minutes of an Aug. 7 meeting between the National Association of Financial Market Institutional Investors and 16 underwriters. That compares with 3.9 percent for an Aug. 3 issue by China’s top-rated Aviation Industry Corp. and the 2.95 coupon rate in a June issue by Microsoft Corp...
Bloomberg: China to Force Higher Rates for Corporate Bonds
Permalink posted by markw @ 6:14 AM 
 |
 |  |
  |
