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Chalco tests waters with new renminbi perpetual bond

It will test Investors' belief in state's support after a first default in China

[SINGAPORE] Aluminum Corporation of China (Chalco) is considering a ground-breaking perpetual renminbi bond in a move that will test investors' belief in continued state support for the country's highly indebted state-owned companies.The undated deal would be a first in the offshore renminbi