Suxian Lake Park
 

Extended section project of Chengjian road

It was learned from the management center of City Construction and Investment that 1.6 billion yuan enterprise bond of Chenzhou city investment (second phase) had been approved by NDRC and discharged successfully recently. The first phase of enterprise bond of Chenzhou city investment amounting to 2 billion yuan was issued in 2010.

It took over one year to get the permission from NDRC for this 1.6 billion second phase enterprise bond. This bond issuing period is 7 years. Now, the 1.6 billion yuan bond capital is paid-in and issued to ten key well-being projects like Chenjiang river flood control work, Chenzhou international exhibition center, etc.. It is a great capital support with this enterprise bond to keep carrying out Chenzhou infrastructure construction projects. Furthermore, it helps to optimize Chenzhou financing system with a more stable platform and better environment.

This kind of enterprise bond makes the good use of national properties and resources. Now the total gross capital for Chenzhou city investment is about 21 billion yuan, while the net capital is 12.9 billion. It becomes one of the biggest financing platforms of Hunan province. After the integration, both the gross and net assets of Chenzhou city investment were greatly increased, which helped to upgrade its evaluation level and credit line and make a good foundation for further financing mechanism revolution and financing expansion.

The principal of the management center stated that the successful discharge of the enterprise bond could promote the development of financing, providing a solid capital support for Chenzhou’s upgrading work.