Chow Tai Fook Applies To Register Up To RMB 10 Billion In Panda Bonds

Chow Tai Fook (1929) said it has applied to the National Association of Financial Market Institutional Investors to register debt financing instruments, or panda bonds, with a total principal amount of no more than RMB 10 billion, according to Ming Pao. The company said the proposed issuance will be carried out in multiple tranches at an appropriate time within two years after receiving the association's acceptance notice. It added that the application is still being processed, and approval as well as completion of the registration remain uncertain.