Central Huijin Investment Ltd, the domestic arm of the sovereign wealth fund China Investment Corp, announced on Sunday that it will issue 30 billion yuan ($4.72 billion) of onshore bonds on Friday.
Entities qualified for inter-bank bond transactions can subscribe to the bonds, according to a statement posted on the website of the China Foreign Exchange Trade System.
Underwriters for the issue include China Development Bank, CITIC Securities, Shenwan Hongyuan Securities, Agricultural Bank of China and China International Capital Corp. China Development Bank will be the lead underwriter.
Media reports in August said that Central Huijin may issue bonds in a move to inject capital into the nation's volatile stock market.
But sources close to the matter said that this issue is a regular one that has nothing to do with the stock market, Shanghai-based newspaper China Business News reported on Sunday.
The benchmark Shanghai Composite Index has tumbled more than 38 percent since the peak on June 12.
The last time Central Huijin issued bonds was in 2010, when it raised 187.5 billion yuan.
Huijin used the proceeds of that issue to inject capital into the Export-Import Bank of China and China Export and Credit Insurance Corp.
It also participated in refinancing activities of Industrial and Commercial Bank of China, Bank of China and China Construction Bank, media reports said.
