China Unicom, the country’s second-largest mobile operator, has issued the second tranche of promissory notes worth Yn5bn (US$805.4m).
The facility, which carries an annual interest rate of 4.84%, matures in three years.
The first tranche, also in an…
China Unicom, the country’s second-largest mobile operator, has issued the second tranche of promissory notes worth Yn5bn (US$805.4m).
The facility, which carries an annual interest rate of 4.84%, matures in three years.
The first tranche, also in an amount of YN5bn, was issued in April.
Earlier this year the company also launched the first tranche of its super and short-term commercial paper for 2014, worth Yn10bn (US$1.61bn). Separately, the first Yn10bn tranche of commercial paper is scheduled to be issued today.
And in April, Unicom established a Yn10bn medium term note programme, arranged by Bank of China, CICC HK Securities, JP Morgan and Nomura.
Unicom has already drawn Yn4bn (US$644.2m) under this programme to finance working capital and general corporate purposes.
Beijing-headquartered Unicom has 276 million subscribers. Spain’s Telefonica owns a 5% stake in the company.
