State Grid Corporation issues 10 billion yuan in offshore RMB bonds.

According to a State Grid Corporation of China report, on August 7th, the company successfully issued 10 billion yuan worth of overseas RMB bonds, with 40 billion yuan at a 5-year term and a 1.9% interest rate, 40 billion yuan at a 10-year term and a 2.2% interest rate, and 20 billion yuan at a 20-year term and a 2.4% interest rate. This marks the first time a central enterprise has issued a 20-year term bond at the 10 billion yuan scale, setting a new cost low for overseas RMB bonds issued by Chinese-funded enterprises.