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Air China issues RMB 2 billion short-term bonds

03/04/2016| 6:40:45 AM|

Air China launched a RMB 2 billion worth of short-term bond issue which is the airline's first deal of 2016.

The state-owned major carrier's super short-term bonds have a maturity of 180 days, with an annualized interest rate of 2.65 percent. Air China's issue is the first tranche out of a RMB 10 billion approval it has received to issue short-term bonds with a tenure no longer than 270 days over a two year period.

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TAGS: Air China | investments | China
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