China firms tap 'virus bonds' but use funds for other purposes
Fri, Feb 14, 2020 - 5:50 AM
Shanghai
CHINESE companies are rushing to access cheap funds via "virus bonds" as they capitalise on Beijing's efforts to channel money into virus-hit areas of the economy, but prospectuses show most of the funds so raised will be used for other purposes.
Register to read this article. Log in if you are already a subscriber.Register to read this article. Log in if you are already a subscriber.Please log in or subscribe to continue reading.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes