Five-year notes have been issued by China-based Shaanxi Province Highway Construction Group to raise USD$476.57 million (CNY 3bn). Shanghai Pudong Development Bank and China Development Bank will be the joint lead underwriters for the notes issue, launched on Monday January 14, 2013, with the latter also acting as a bookrunner. Of the total proceeds, $127.08 million (CNY 800mn) will be used as working capital. A further $111.2 million (CNY 700mn) will be used as project investment, and $238.28 million (CNY
Five-year notes have been issued by China-based Shaanxi Province Highway Construction Group to raise USD$476.57 million (CNY 3bn)
Shanghai Pudong Development Bank and2621 China Development Bank will be the joint lead underwriters for the notes issue, launched on Monday January 14, 2013, with the latter also acting as a bookrunner.
Of the total proceeds, $127.08 million (CNY 800mn) will be used as working capital. A further $111.2 million (CNY 700mn) will be used as project investment, and $238.28 million (CNY 1.5bn) in bank loan repayments.
Shanghai Pudong Development Bank and
Of the total proceeds, $127.08 million (CNY 800mn) will be used as working capital. A further $111.2 million (CNY 700mn) will be used as project investment, and $238.28 million (CNY 1.5bn) in bank loan repayments.
