New Issue: China Tianrui prices HK$200 million of five-year, eight-year bonds

By Toni Weeks

San Luis Obispo, Calif., Nov. 26 – China Tianrui Group Cement Co. Ltd. said it arranged a HK$200 million issue of bonds on a best-efforts basis via agents Convoy Investment Services Ltd. and iStar International Securities Co. Ltd.

The company is selling eight-year bonds and five-year bonds to raise capital for the group and strengthen its financial position. Proceeds will be used for general working capital.

The clinker and cement producer is based in Ruzhou City, China.

Issuer:	China Tianrui Group Cement Co. Ltd.
Issue:	Bonds
Amount:	HK$200 million
Price:	Par
Agents:	Convoy Investment Services Ltd. and iStar International Securities Co. Ltd.
Pricing date:	Nov. 26
Eight-year bonds
Coupon:	6.5%
Maturity:	96 months
Denominations:	HK$1 million each
Call:	After seven years
Five-year bonds
Coupon:	6%
Maturity:	60 months
Denominations:	HK$1 million each, in integral multiples of HK$100,000 after that
Call:	After four years

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