Railcom gets approval for bond sale

11 Apr 2005

China’s State Development and Reform Commission (SDRC) has approved a plan by fixed line operator China Railcom to issue CNY1 billion-worth (USD120 million) of bonds this year. At the end of 2004 China Railcom’s assets totalled CNY47.6 billion; of the country’s six biggest telecom companies, only China Railcom and China Satcom remain unlisted.

China, CM TieTong (previously China TieTong [CTT])