By Susanna Moon
Chicago, Nov. 30 - Sinofert Holdings Ltd. said its indirect wholly owned subsidiary, Sinochem Fertilizer Co. Ltd., completed a RMB 2.5 billion public offering of 10-year 5% corporate bonds to domestic institutional investors on Friday.
Proceeds will be used for fixed-asset investment projects, repayment of working capital loans and for supplementing working capital.
Sinofert is a Hong Kong-based investment holding company that is engaged in the production, import and export, distribution and retail of fertilizer raw materials and finished products as well as technical research and development and services relating to the fertilizer business and products.
| Issuer: | Sinochem Fertilizer Co. Ltd.
|
| Issue: | Corporate bonds
|
| Amount: | RMB 2.5 billion
|
| Maturity: | 10 years
|
| Coupon: | 5%
|
| Price: | Par
|
| Yield: | 5%
|
| Settlement date: | Nov. 27
|
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