Asia Cement to meet investors on bond issue plan

Asia Cement to meet investors on bond issue plan
Published: 23 August 2011

Asia Cement (China) Holdings Corp is meeting with investors starting Tuesday on a proposed yuan bond issue in Hong Kong, people familiar with the situation said Monday.

The Hong Kong-listed company has hired HSBC Holdings PLC as a lead manager for the bond issue, while Mizuho Securities Asia Ltd. and another European bank are co-arrangers for the deal, sources familiar with the situation said.

The people said that the size and tenor of the planned bond issue will be decided following the investor meetings and depending on market conditions.

Asia Cement said through an external public relations firm that it will make an announcement if it decides to issue bonds.