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BIZCHINA / Energy/Mining |
Handan Steel to issue 2.2b yuan worth of 365 day debtBy ()
Updated: 2007-06-27 16:36 Handan Iron & Steel Group, parent of Handan Iron & Steel Co Ltd, said it plans to issue 2.2 bkn yuan worth of 365-day debt paper on the interbank market on July 2. In a statement posted on the official Chinabond.com website, the company said the bills will be issued at a price of 100 yuan, with the yield to be set through a book-building process on the same day. The proceeds will be used to supplement its working capital, the company said. China Minsheng Bank Corp will be the main underwriter, it added. (For more biz stories, please visit Industry Updates)
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