China National Nuclear Corp issues first public bonds

18 August 2005

Bonds worth CNY 2 billion ($244 million) have been issued by the China National Nuclear Corporation (CNNC) in the domestic market, a first for the state-controlled group.

The bonds were in two varieties, one with a 10-year term and annual interest rate of 4.98%, the second with 15-year term and annual interest rate of 5.20%.

The funds raised from the public bond issue are expected to be used in the construction of nuclear units at Qinshan and Sanmen in eastern Zhejiang Province.

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.