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China's Nine Dragons in dollar bond sale -source

Sun Apr 20, 2008 9:36pm EDT
 
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HONG KONG, April 21 (Reuters) - Nine Dragons Paper (Holdings) Ltd (2689.HK: Quote, Profile, Research, Stock Buzz), China's largest paper board producer, is selling 5 year, dollar-denominated bonds to raise $300 million, a source close to the deal said on Monday.

The bond offering, handled by Merrill Lynch (MER.N: Quote, Profile, Research, Stock Buzz), could price as early as Tuesday, the source said. (Reporting by Umesh Desai; Editing by Anne Marie Roantree)

 

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