The China National Nuclear Corporation (CNNC) has raised funding worth CNY5 billion (USD741 million) through the issuance of a five-year bond, it announced on 1 February.
The move comes one year after CNNC, which has extensive involvement in military programmes, merged with its rival, the China Nuclear Engineering and Construction Group Corporation (CNECC).
CNNC said the new funding will help optimise its debt structure and improve its financial support capabilities following the merger.
The corporation is responsible for China's nuclear arsenal and civilian nuclear power programme, with the group having developed atomic and hydrogen bombs, as well as having contributed to the development of nuclear submarines.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options atihsmarkit.com/janes
The pace of the Indian Navy’s shipbuilding under its LTIPP and MCPP has been slow to deliver platforms in a timely manner, according to public project delivery timelines. Mazumdar Mrityunjoy reports
