By Marisa Wong
Madison, Wis., July 30 - China XLX Fertiliser Ltd. said it priced RMB 250 million of 8½% notes due 2015 on Tuesday.
The offering is being conducted through lead manager Morgan Stanley Asia (Singapore) Pte. and managers China Citic Bank International Ltd., Citic Securities Corporate Finance (HK) Ltd. and Industrial and Commercial Bank of China (Asia) Ltd.
Proceeds from the notes will be used to finance capital expenditures, to repay onshore loans and for general corporate purposes.
Settlement is slated for Aug. 6.
The fertilizer manufacturer is based in Xinxiang, China.
| Issuer: | China XLX Fertiliser Ltd.
|
| Issue: | Notes
|
| Amount: | RMB 250 million
|
| Maturity: | 2015
|
| Coupon: | 8½%
|
| Bookrunners: | Morgan Stanley Asia (Singapore) Pte. (lead), China Citic Bank International Ltd., Citic Securities Corporate Finance (HK) Ltd. and Industrial and Commercial Bank of China (Asia) Ltd.
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 6
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
