Liuzhou Steel issue CNY 2 billion of corporate bonds
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Wednesday, 08 Jun 2011
Liuzhou Iron and Steel will issue up to CNY 2 billion worth of 8 year corporate bonds. The bonds will be traded on the Shanghai Stock Exchange.
The company’s debt asset ratio was 69.88% through the end of the Q1. Following the completion of the issuance, total outstanding corporate bonds will not exceed CNY 2 billion accounting for 37.09% of its net assets.
(Sourced from www.capitalvue.com)
