Money

China Resources Power to sell benchmark-size bond

(Agencies)
Updated: 2010-07-27 16:36

China Resources Power Holding plans this week to issue a benchmark-size dollar bond due in five years, a source close to the deal said on Monday.

Related readings:  China's power consumption rises 14.14% in June  China to see power supply and demand in tight balance this summer  China's GD Power plans $1.43b share sale  China meets target of closing outdated coal-fueled power stations

The issuer has hired Goldman Sachs and Morgan Stanley to manage the deal, the source said. The two also arranged the company's series of meetings with investors last week.

Also expected to sell debt this week were E-Land Fashion China Holdings and India's IDBI Bank, sources said.