Xinhua News (Reporter Gu Xiaoyu) yesterday, China Unicom issued a notice that will be issued in Friday, a total of 20 billion yuan debt financing tools to develop business needs and repay bank loans. The announcement said that 17th, China Unicom will issue 8 billion yuan of one-year short-term financing coupons and 12 billion yuan three-year medium-term bills. China Unicom said about half of the money raised would be used to replenish the demand for working capital in the course of its operations, and the other half to repay bank loans. The announcement shows 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.
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