Chenming Paper plans to issue US $200 million in bonds overseas

On August 2, Shandong Chenming Paper Group Co., Ltd. issued an indicative announcement on the issuance of US dollar bonds by overseas subsidiaries. According to the announcement, Chenming Paper, in order to further improve the debt structure of the company, broaden the financing channels of the company, and promote the sustained and stable development of the company, and combined with the current situation of the overseas bond market and the situation of the company’s capital demand, intends to apply for the overseas subsidiary Meilun (BVI) Limited (hereinafter referred to as “BVI”) as the principal issuer to issue bonds with a total amount of not more than US $200 million (including US $200 million). The funds raised by the proposed bond issue will be used for general corporate purposes and existing debt swaps.



Post time: Aug-06-2019

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