China Unicom has issued Yn10bn (US$1.6bn) in commercial paper, the first tranche for 2014.
The facility matures in a year’s time and carries an annual interest rate of 4.6%.
Earlier this week, the country’s second-largest mobile operator launched the…
China Unicom has issued Yn10bn (US$1.6bn) in commercial paper, the first tranche for 2014.
The facility matures in a year’s time and carries an annual interest rate of 4.6%.
Earlier this week, the country’s second-largest mobile operator launched the second tranche of promissory notes worth Yn5bn (US$805.4m).
Before that, the operator issued the first tranche of its super and short-term commercial paper for 2014, in an amount of Yn10bn.
And in April, Unicom established a Yn10bn medium term note programme. The company has already drawn Yn4bn (US$644.2m) under this programme to finance working capital and general corporate purposes.
