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XCMG Construction Machinery Co Ltd Issues Convertible Corporate Bonds

Wednesday, 13 Nov 2013 07:00pm EST 

XCMG Construction Machinery Co Ltd announced that it has issued convertible corporate bonds worth RMB 2.5 billion, each with a face value of RMB 100 and a valid period from October 25, 2013 to October 24, 2019 and various interest rate, for 0.8% of the first year, 1.3% of the second year, 1.7% of the third year, 2.3% of the fourth year, 2.5% of the fifth year and 2.5% of the sixth year. Morgan Stanley Huaxin Securities and J.P. Morgan First Capital Securities Co., Ltd. served as the co-underwriters for the issuance. The proceeds will be used for concrete mixer upgrade project, crawler base project, whole ground crane project and development project. 

Company Quote

-0.51 -4.36%
28 Jul 2015