West China Cement: proposed bond offering for refinancing

West China Cement: proposed bond offering for refinancing
Published: 29 August 2014

Tagged Under: West China Cement Bond Issue 

West China Cement (WCC) proposes to conduct an international offering of senior notes and will commence a series of roadshow presentations beginning on or around 1 September 2014 to certain institutional investors in Asia and Europe.

The notes will be issued by WCC and guaranteed by WCC's existing subsidiaries other than those organised under the laws of China.

WCC plans to use the proceeds of the proposed notes to refinance a portion of its US$400m notes due January 2016. However, the company has reserved the right to change this intention.

The completion of the proposed notes Issue is subject to, among other things, market conditions and investor interest, the company said in a statement.