China Unicom plans to raise 20 billion funds to develop GSM and 3G services

On the morning of September 10, China Unicom will issue a 8 billion-yuan short-term voucher for a period of one year on September 17, the company announced today.　　On the same day, China Unicom will issue the second phase of the 2010 medium-term paper, the scale of 12 billion yuan, medium-term paper is three years. It is reported that the scale of short-term financing coupons is 8 billion yuan, the issue period is one year, the second phase of the 2010 medium-term paper size of 12 billion yuan, the issue period is three years. Both parts of the financing bonds are issued from September 17, September 20 is the date of payment and the bond registration day.　　The announcement said that China Unicom is currently to repay the balance of the company's bonds of 7 billion yuan, to repay the short-term financing coupons 15 billion yuan, to repay the medium-term paper 3 billion yuan. Unicom said in the announcement that the collection of funds of about 50% of the part will be used to supplement the company's business operations in the process of operating capital requirements, focusing on meeting the GSM business, 3G Business, fixed network broadband business operations such as operating capital requirements. About 50% of the other parts will be used to repay bank loans from the company's headquarters. (Zong)