BEIJING, July 23 (Xinhua) -- Port of Lianyungang has got approval from China Securities Regulatory Commission (CSRC) to issue no more than 2 billion yuan worth of extendable corporate bonds, marking the first batch of extendable corporate bonds used for funding the Belt and Road construction, according to yidaiyilu.gov.cn.
The approval of this extendable corporate bond issuance is another important measure for the continuous service of the Belt and Road construction and strong financial support for major projects.
The company will apply for the listing of the bonds on the Shanghai Stock Exchange after the issuance.
As of June this year, the CSRC has accepted and approved a total of 14 corporate bonds and asset-backed securities for the Belt and Road projects, with the proposed auction amount of approximately 80 billion yuan.
(Edited by Yang Yifan, yangyifan@xinhua.org)
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