China state-owned investment firm's 30-year bond is oversubscribed
China Chengtong Holding Group, the state-owned capital management firm, issued a 1 billion yuan ($139 million) 30-year bond on Wednesday. This is the first ultra-long-term credit debt issued in recent years.
The proceeds of the bonds, with a coupon rate of 3.35%, will be used to repay existing debt, China Chengtong said.