By Reshmi Basu
New York, Jan. 29 - Weichai Power Co., Ltd. said it sold a RMB 900 million offering of short-term debentures in the People's Republic of China.
The zero coupon issue was priced at a discount of 96.31 and will mature 365 days from Jan. 25, on Jan. 25, 2008.
Proceeds will be used for working capital.
China Construction Bank Corp. arranged the deal.
Weichai Power is a Weifang, China, maker of diesel engines.
| Issuer: | Weichai Power Co., Ltd.
|
| Amount: | RMB 900 million
|
| Issue: | Zero coupon debentures
|
| Maturity: | Jan. 25, 2008
|
| Coupon: | 0%
|
| Discount price: | 96.31
|
| Arranger: | China Construction Bank Corp.
|
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