Large Medium Small |
The State Grid Corporation of China (SGCC), the country's biggest power supplier, is seeking approval to issue up to 170 billion yuan ($24.85 billion) worth of bonds and notes in 2009, Oriental Morning Post reported on Thursday.
|
Once approved by the regulator, the bonds will become the biggest-ever issue by a domestic company.
The move aims to help SGCC meet its huge financing demand for power grid operation and massive investment. The company plans to invest a total of 260 billion yuan this year, it said earlier this month.