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China Approved More Companies to Sell Foreign Bonds, Sources Say

  • Some new bond issuance quotas are said to expire in March 2018
  • First sovereign dollar bond since 2004 paves way for companies
Updated on

China’s top economic planning agency has granted approvals to a number of mainland companies to sell bonds overseas, according to bankers with knowledge of the matter, a move that will help keep the record pace of issuance alive.

Some of the quotas from the National Development and Reform Commission expire in March instead of at year end, said the bankers who aren’t authorized to speak publicly and asked not to be identified. Officials at the NDRC weren’t immediately able to comment.