CRCC's choice of a perpetual bond decreases its debt gearing and leaves earnings per share for equity investors undiluted. Photo: AP

CRC taps demand for hybrid debt securities in US$500m issue

State-controlled railway firm is expected to raise US$500m in a deal viewed as attractive for investors with a fixed coupon of 4.25pc

CRCC's choice of a perpetual bond decreases its debt gearing and leaves earnings per share for equity investors undiluted. Photo: AP
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