May 03, 2011 05:16 PM

Rules Allow Private Placement Bond Issuance

(Beijing) -- China's National Association of Financial Market Institutional Investors (NAFMII) on April 29 issued rules allowing enterprises to sell bonds through private placement on the domestic interbank market, as an effort to push forward the development of the corporate bond market.

According to the rules, nonfinancial firms will be permitted to sell private placement bonds after registration with the NAFMII. Private-placement bonds can be sold and circulated only among sophisticated institutional investors.

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