Date
20 October 2017

China Merchants Securities to issue 4 bln yuan bonds, paper says

China Merchants Securities Co. Ltd. (600999.CN), in cooperation with Guangfa Securities Co. Ltd. (000776.CN), will issue asset-backed bonds worth no more than 4 billion yuan (US$656.49 million), Securities Times reported on Monday. China Merchants will use the proceeds to replenish its operating capital, the report said. The plan is still awaiting approval from the China Securities Regulatory Commission, it added.

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