Companies

China Railway to sell $902m bonds Oct 19

(Agencies)
Updated: 2010-10-15 16:41

China Railway Group has obtained regulatory approval to sell 6 billion yuan ($902.2 million) in bonds next week, Reuters reported Friday.

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China's largest construction company said it had previously obtained the approval for a 12 billion yuan debt program and the issue next week will be a second tranche of the program.

The first tranche of the bonds was sold in January, it said in a statement.

Bank of China International Holdings Limited and UBS are the lead underwriters for the issue, it said.