Reported about 1 year ago
In China's booming bond market, a state-owned firm, Wuxi Industry Development Group Co., near Shanghai, is exploring the possibility of issuing a 50-year domestic bond worth 1 billion yuan ($138 million). If successful, this would be China's longest corporate debt tenor. The move comes amidst a trend of companies seeking cheap financing, as bond yields and credit spreads in China reach record lows.
Source: YAHOO