China’s Huadian Fuxin proposes RMB 16 billion domestic, foreign bonds

By Marisa Wong

Madison, Wis., May 4 – Huadian Fuxin Energy Corp. Ltd. said it plans to issue up to RMB 16 billion total of domestic and foreign debt financing instruments.

The company said it will use proceeds to meet its production and operation demands, adjust its debt structure, replenish working capital or invest in projects.

The proposed issuance is subject to shareholders’ approval. If granted, the approval would be valid for one year.

Huadian Fuxin is a power project company based in Beijing.

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