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
On 24 October 1979 the first production Leopard 2, hull number Y-377 046, was handed over to the Bundeswehr's Panzertruppenschule. Forty years, 3,565 vehicles in over 95 distinct variants, and more than 21 users later, the Leopard 2 stands as one of the most successful MBT designs in the world. Jon Hawkes explores the vehicle's evolution
