China’s BAIC Motor plans to offer up to RMB 3 billion corporate bonds

By Marisa Wong

Morgantown, W.Va., Sept. 24 – BAIC Motor Corp., Ltd. announced it plans to issue up to RMB 3 billion of corporate bonds in China.

The bonds will be issued through subsidiary BAIC Investment Co., Ltd. in one or more tranches.

The bonds will have maturities of no more than five years.

Proceeds will be used to replenish liquidity, to repay bank loans, for project development and for other purposes.

BAIC Motor is a subsidiary of Beijing Automotive Industry Holding Co., Ltd. The automaker is based in Beijing.

© 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.