UPS UPS has executed a commercial paper transaction denominated in the
offshore Renminbi currency, creating a new financial vehicle to fund growth
projects in China.
The issuance last Friday, known as a CNH-denominated commercial paper
transaction, totaled CNH 630,000,000 and is the first by a foreign company
outside the financial sector to be executed here.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in