Railcom bonds go on the market on 20 December, the Beijing Times reports. The state-owned telecom will issue 1 billion yuan (US$123 million) of the ten-year bonds in 1000 yuan units at an annual interest rate of 4.6%. The bonds are rated AAA by CCXI, and represent the first entry of China Railcom onto the capital market; the capital will be used to finance inter-province backbones, intra-province long-distance networks, and local networks, as well as Railcom's information systems. 05 Railcom Bonds: 120522 Link: http://www.bjt.net.cn/news.asp?newsid=131114