Lates News

Reporters have learned that some central state-owned enterprises are preparing to gradually launch the reissuance of existing corporate bonds in the near future. Recently, CITIC Securities and China Merchants Securities have completed the pilot business of the first batch of reissuing securities company bonds. The scale of the reissuance of bonds listed on the Shanghai Stock Exchange by the two companies is 20 billion yuan and 15 billion yuan respectively. After the reissuance, the size of a single bond will reach 40 billion yuan and 42 billion yuan. Some industry insiders have stated that the mechanism of bond reissuance is typically used by high-quality issuers to increase the scale of single bond issuance, thereby boosting secondary market liquidity and valuation stability. (First Financial News)