China’s Legend plans up to RMB 28 billion debt financing instruments

By Marisa Wong

Morgantown, W.Va., April 17 – Legend Holdings Corp. is proposing to issue up to RMB 28 billion of debt financing instruments.

The bonds will have maturities of no more than 15 years, unless they are perpetual bonds.

Proceeds will be used to replenish working capital and operating funds, for domestic and overseas project investments and to repay interest-bearing debt.

The issuance is subject to shareholder approval.

Legend is a Beijing-based investment holding company.

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