-- Amid an unprecedented bond issuance boom as borrowing costs tumble to record lows, a state-owned Chinese firm is considering an offering of a 50-year note in what would be the nation’s longest corporate debt tenor if completed.‘I Live in Hell’: Anti-Growth Fervor Grips US South After Pandemic Boom
The duration considered by Wuxi Industry is rare even in the low-rate environment in China, but more could be expected, particularly from local government financing vehicles, said Ting Meng, senior Asia credit strategist at Australia & New Zealand Banking Group Ltd. Wuxi Industry, whose operations span across semiconductors, trade, and investment, declined to comment when reached by phone on Thursday. It had a profit of 1.9 billion yuan last year, according to its website.Documents Show How Musk’s X Plans to Become the Next VenmoFor a Shot at $6,228/Year in Passive Income, Buy 755 Shares of This TSX Stock
Greenland’s massive rare earth deposit, acquired by a Nasdaq-listed company, could significantly reduce the West's dependence on China for critical minerals.Undervalued Canadian Stocks to Watch in June 2024
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