By Marisa Wong
Madison, Wis., Feb. 6 - China Tianrui Group Cement Co. Ltd. said its wholly owned subsidiary, Tianrui Group Cement Co. Ltd., issued RMB 2 billion of 7.1% eight-year corporate bonds.
Huaxi Securities Co., Ltd. is the lead underwriter, and Haitong Securities Co., Ltd. and Hong Yuan Securities Co., Ltd. are the vice-lead underwriters.
China Tianrui plans to use RMB 1.84 billion of the proceeds for the acquisition of clinker and cement production lines in Henan province, Liaoning province and other areas and the remaining RMB 160 million for general working capital purposes.
The clinker and cement producer is based in Ruzhou City, China.
| Issuer: | China Tianrui Group Cement Co. Ltd.
|
| Issue: | Corporate bonds
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| Amount: | RMB 2 billion
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| Maturity: | Feb. 4, 2021
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| Coupon: | 7.1%
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| Underwriters: | Huaxi Securities Co., Ltd. (lead), Haitong Securities Co., Ltd. and Hong Yuan Securities Co., Ltd. (vice-lead)
|
| Settlement date: | Feb. 6
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