Updated:2010/1/12 10:50
China Telecom Corp. (CHA), one of mainland China's three largest mobile carriers, said Monday it issued CNY20 billion worth of five-year denominated medium-term notes with an annual interest rate of 4.61% on Dec. 28.
The company said in a statement it issued the notes in two batches. It said it will use the proceeds of the issue to enhance its working capital and repay short-term borrowings.
Source:Dow Jones
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