BYD to Issue 6 Bln Yuan in Corporate Bonds

(Beijing) – BYD Co., China's largest supplier of rechargeable batteries, said it plans to issue 6 billion yuan in corporate bonds. 

In a statement issued December 10, the company also said the bond placement has received a green light from the China Securities Regulatory Commission.

According to a report by Guotai Junan Securities, BYD was still in a tight liquidity position by the end of the third quarter this year, adding that it expected BYD's bond issuance to ease the capital shortage.