AIIB issues 3 billion yuan panda bonds

The Asian Infrastructure Investment Bank has issued 3 billion yuan ($434.9 million) worth of panda bonds, with both the order volume and the number of investors hitting record highs, the bank said. The three-year bonds carry a coupon rate of 1.7 percent. A total of 34 investors participated in the offering, placing orders worth 9 billion yuan. Strong demand from investors prompted the bank to raise the issuance size from the initially planned 2 billion yuan to 3 billion yuan. Overseas investors accounted for 58 percent of the allocation, while domestic investors took 42 percent.

Energy supply stepped up during travel rush

Chinese railway operators have implemented multiple measures to protect the rail transport of energy materials during the 40-day Spring Festival travel rush that began on Feb 2. At Xiuwen railway station in Shanxi province, shunting staff members examined operation plans carefully, marshaled the trains loaded with coal and safely dispatched them. By displaying a sense of responsibility, they have helped in guaranteeing energy supply during the travel rush period. As an important national energy base, Shanxi provides stable coal supplies to 24 provincial-level regions in China.

Xinhua - China Daily