China’s Sinofert to issue RMB 1 billion three-year notes on Thursday

By Marisa Wong

Morgantown, W.Va., July 19 – Sinofert Holdings Ltd. announced that its wholly owned subsidiary, Sinochem Fertilizer Co. Ltd., plans to issue RMB 1 billion of three-year notes on July 21.

This will be the company’s first tranche of medium-term notes for 2016.

The issue period will be two days, and the coupon rate will be announced separately upon completion of the issue, the company said.

Proceeds will be used to replenish working capital and to repay loans.

Sinofert, formerly Sinochem Hong Kong Holdings Ltd., is a fertilizer company based in Hong Kong.

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