E-Town Capital gets 7.5 billion yuan bond approval
For the first time Beijing E-Town Capital has been approved by the China Securities Regulatory Commission to issue a 7.5 billion yuan ($1.125 billion) corporation bond. It is a new try for E-Town Capital to solve industrial fund demands and expand market financing. The corporation bond is rated an AA+ by the commission, meaning it has high credit quality and could found a lowering of financing costs by E-town Capital.
Beijing E-Town International Investment & Development Co. Ltd (E-town Capital) is a Stated-owned investment and financing company with the mission of promoting industrial upgrading and technological innovation in Beijing E-Town. Oriented to real economy industrial development and adhering to financing service innovation, E-Town Capital has since its foundation combined the resources of both government and the market to constantly build platforms for diversified industrial-investment as well as all-round financial service. It has established many professional subsidiaries including Beijing E-Town International Industrial Investment Management Co., Ltd., Beijing E-Town International Guarantee Co., Ltd., Beijing E-Town International Small-credit Co., Ltd., Beijing Mobile E-Town Co., Ltd., and E-Town International Holding (Hong Kong) Co., Ltd.
In recent years, E-Town Capital used many ways to raise money in capital markets to serve industrial upgrading, develop innovative overseas financial structures, and provide low-cost financial support.
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