China’s BBMG plans to issue up to RMB 5 billion corporate bonds

By Marisa Wong

Morgantown, W.Va., Oct. 29 – BBMG Corp. plans to issue up to RMB 5 billion of corporate bonds, according to a company announcement.

The bonds will be issued at par with maturities of seven years or less.

Proceeds will be used to repay bank borrowings and bonds or to supplement the company’s working capital.

The bonds are subject to shareholders’ approval at an upcoming general meeting.

BBMG is a building materials manufacturer based in Beijing.

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