China's Largest Steel Corp. Sells Out Bonds

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Tuesday, August 29, 2000, updated at 10:58(GMT+8)

Business

China's Largest Steel Corp. Sells Out Bonds

China's largest steel producer Bao Steel Corp. successfully had all its bonds, worth 240 million US dollars in value, sold out 18 days ahead of schedule.

This was the first time that Bao Steel Corp. in its history sold bonds to raise funds.

People are enthusiastic about purchasing the corporation's bonds because they believe that the company has good reputation and the bonds will bring good returns.


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	China's largest steel producer Bao Steel Corp. successfully had all its bonds, worth 240 million US dollars in value, sold out 18 days ahead of schedule.




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