China’s central bank on Sunday allowed companies to resume selling medium-term notes on the country’s Interbank Bond Market and said listed companies can use the proceeds to buy back shares, Bloomberg reported. Regulators had suspended approvals for sales of medium-term notes in June. Medium-term notes, or debt notes that are usually paid back within 5-10 years, are sold by most large companies for their medium-term financing needs. Coal, power, oil and transport companies will have the priority to sell the notes starting today, the People’s Bank of China said.
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