(Bloomberg) -- Tangshan Iron & Steel Co., the
publicly traded unit of China's second-biggest steelmaker, said
it plans to sell bonds to fund the production of cold-rolled
steel sheets used in vehicles. Tangshan shares rose to a record.
The company plans to sell up to 3 billion yuan ($396.3
million) of five-year bonds that can be converted into shares,
paying interest of between 0.5 percent to 2 percent to local
investors, Tangshan Iron said today in a statement to the
Shenzhen Stock Exchange, without saying when the sale will occur.
Read more at Bloomberg Emerging Markets News
publicly traded unit of China's second-biggest steelmaker, said
it plans to sell bonds to fund the production of cold-rolled
steel sheets used in vehicles. Tangshan shares rose to a record.
The company plans to sell up to 3 billion yuan ($396.3
million) of five-year bonds that can be converted into shares,
paying interest of between 0.5 percent to 2 percent to local
investors, Tangshan Iron said today in a statement to the
Shenzhen Stock Exchange, without saying when the sale will occur.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment