￥1.5 Billion Bond Financing Approved for Jinrunyuan Group
2016-12-23 09:45:06
A few days ago, Shanghai Stock Exchange provided Jinrunyuan Group with a letter of transferring the possession of non-public corporate bonds without demur, meaning that1.5 billion yuan of the non-public bonds of the company was formally approved. Thus Zhijiang became the only county-level city of Hubei province that was approved to issue corporate bonds in 2016.
It was said that after the successful issue of the bond, direct financing amount of the company in the capital market will reach 3.1 billion yuan, with the direct financing scale ranking the top among city investment companies in Yichang city and also in Hubei province. The direct financing of the year is estimated to reach 3.88 billion yuan. All the financing capital will be used in key projects of infrastructures construction of Zhijiang city for the development of small and medium-sized and micro businesses. (Correspondent Fang Qi)