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Published on 6/14/2011 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Hong Kong's GCL-Poly Energy postpones dollar fixed-rate notes

By Christine Van Dusen

Atlanta, June 14 - Hong Kong's GCL-Poly Energy Holdings Ltd. has postponed its planned issue of dollar-denominated fixed-rate notes due to market volatility, according to a company announcement.

RBS, Standard Chartered Bank, BOC International and BNP Paribas were the bookrunners for the Rule 144A and Regulation S deal.

Proceeds were to be used for capital expenditures, refinancing debt and general corporate purposes.

GCL-Poly Energy is a green energy supplier based in Hong Kong.


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