OREANDA-NEWS. March 24, 2016. Sinochem Corporation applied for corporation bond registration of RMB 20 billion and gained approval of China Securities Regulatory Commission (CSRC). According to the arrangement, the company can issue the corporation bond with the total sum of no more than RMB 20 billion to the qualified investors by stages in the validity of two years.

This corporation bond registration was the first bond limit registration finished by Sinochem Corporation in the bond market managed by CSRC since CSRC reformed corporate bond management system last year (it expanded the issue body from listed company and securities company to all the legal persons of corporate system). UBS Securities and China Development Bank Securities would act as the principal underwriter of this bond registration and later-stage issue of the joint-stock company.

With the constant expansion of the business scale and operation scope, Sinochem's demand scale and features of capital also became various. The reformed corporation bond stood out in issue efficiency and flexibility and also became one of the main channels of long-term capital source in Sinochem. Completion of corporation bond registration of RMB 20 billion further expanded the medium and long-term financing channels of the company so as to provide better capital guarantee for the business development.