China’s Sunny Optical taps banks, sets roadshow for notes offering

By Rebecca Melvin

New York, Jan. 10 – Sunny Optical Technology (Group) Co. Ltd. has named banks and set fix-income investor meetings beginning on Friday for a dollar-denominated offering of unsecured bonds, according to an announcement.

The investor meetings are being managed by Citigroup Global Markets Ltd., UBS AG Hong Kong Branch and BNP Paribas.

Proceeds of the Regulation S bonds will be used for funding capital expenditures, fulfilling working capital requirements, refinancing existing debt and other general corporate purposes.

A listing on the Hong Kong Stock Exchange is expected.

Sunny Optical is a China-based optical instrument and lens making company.

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