China Shanshui seeks to sell US$300m-500m dollar bond
China Shanshui Cement Group Co is seeking to sell a US$300m-$500m global dollar bond with a yield of "mid-8%" as early as today, a person familiar with the proposed deal said Wednesday.
Barclays Capital, Credit Suisse, Deutsche Bank and Standard Chartered are joint lead managers and bookrunners for the planned Rule 144A/ Reg S offering.
The company says it will use the proceeds to refinance borrowings, expand capacity by building production lines or acquiring production facilities, and for general corporate purposes.
