China Shanshui Cement: Plan To Sell Global Bond
China Shanshui Cement Group Co. Ltd. (0691.HK) plans to sell a global dollar bond after holding a roadshow through May 17, a person familiar with the proposed deal said Monday.
The China-based cement producer will meet bond investors in Hong Kong Wednesday, Singapore Thursday, London Friday and New York May 16 before wrapping up in Boston May 17, the person said.
China Shanshui announced the planned Rule 144A/ Reg S offering in a statement to the Hong Kong stock exchange Monday, adding that it has hired Barclays Capital, Credit Suisse, Deutsche Bank, Standard Chartered as joint lead managers and bookrunners.
Proceeds from the bond will be used to refinance borrowings, expand capacity by constructing production lines or acquiring production facilities, and for general corporate purposes, the company said. Published under Cement News
