Huaxin Cement to issue CNY2bn bonds, China

China's Huaxin Cement Co is planning to sell CNY2bn (US$317m) of bonds to fund the expansion of its business, a source familiar with the deal said Wednesday.

The source said the bonds, which have maturities of five and seven years, will be sold through the Shanghai Stock Exchange next week.

Citic Securities Co. will be the lead underwriter of the deal, said the person. (Dow Jones International News)