China railways face upheaval in debt financing

China’s railway agencies are expected to issuer fewer bonds in the coming years following the Ministry of Railways’ dissolution - and may face a 30 basis-point premium to sell to the public markets.

  • 13 Mar 2013
China’s Ministry of Railways’ (MoR) dismantlement is set to shake up the way the country’s rail system finances its operations and pays off the trillions of renminbi of debt it owes investors, with analysts anticipating the newly incorporated China National Railway Company (CNRC) will need to pay a ...

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