China's Shandong Chenming Paper plans up to RMB 2 billion of bonds

By Marisa Wong

Madison, Wis., April 28 - Shandong Chenming Paper Holdings Ltd. said its board of directors approved the proposed issuance of up to RMB 2 billion of corporate bonds.

The company will issue the bonds in one or more tranches to the public in China.

The bonds will have a fixed coupon and maturities of 10 years or less.

The issuance is subject to shareholder approval at an annual general meeting to be held on May 18.

Based in Shandong, China, Chenming Paper manufacturers and sells paper and paper pulp.

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