Baoshan Iron and Steel Co Metals giant to sell 20b yuan debt

February 16, 2009, Monday |

Print Edition

BAOSHAN Iron and Steel Co, China's largest steel maker, plans to sell as much as 20 billion yuan (US$2.9 billion) of debt on the nation's interbank market.

The debt sale plan will include as much as 10 billion yuan in one-year commercial paper, and up to 10 billion yuan in medium-term notes due in less than seven years, the company said in a statement to the Shanghai stock exchange.

Funds raised will be used as the company's working capital, to refinance loans and purchase equipment. The plan is subject to approval of shareholders meeting in March.

Energy

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Baoshan Iron and Steel Co Metals giant to sell 20b yuan debt

Email this to your friend