China’s AVIC International plans up to RMB 2 billion medium-term notes

By Marisa Wong

Madison, Wis., Nov. 24 – AVIC International Holdings Ltd. announced it plans to issue up to RMB 2 billion of medium-term notes in China.

The notes will have a term of no more than 10 years.

Proceeds will be used to replenish working capital, satisfy capital expenditure or repay existing debt.

The notes are subject to shareholders’ approval at an upcoming extraordinary general meeting. If granted, the approval would be valid for 18 months.

AVIC International, formerly Catic Shenzhen Holdings Ltd., is a Hong Kong-based investment holding company. It is the non-aeronautical branch of Aviation Industry Corp. of China and has businesses in high-tech manufacturing, real estate development, property management, hotel management, retail, import and export trade and resources development.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.