China’s Fuguiniao plans to issue up to RMB 800 million corporate bonds

By Susanna Moon

Chicago, July 16 – Fuguiniao Co. Ltd. said it plans to issue up to RMB 800 million of domestic corporate bonds with a maturity of less than five years.

The issue requires approval at a shareholder meeting, according to a company press release.

Proceeds would be used to repay some short-term bank loans and to supplement the company’s general working capital.

The company is a Shishi City, China-based manufacturer and seller of footwear and a seller of business casual menswear in China.

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