Cement News tagged under: China Tianrui Group Cement Co

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China Tianrui to issue unsecured bills, China

28 January 2013, Published under Cement News

China Tianrui Group Cement Co is to issue CNY2bn (US$321m) in unsecured bills with a maturity of 365 days on the interbank market on 31 January. The company, which is a leading clinker and cement producer in Henan and Liaoning provinces, said that the bills will be issued at face value, and the coupon rate determined in the process of book-building. Both value and payment due date is set on 1 February, and the to-be-issued bills tradable 4 February. All the proceeds from the issue will b...

China Tianrui Cement 'B+' rating affirmed; outlook stable

09 January 2013, Published under Cement News

Standard & Poor's Ratings Services said it had affirmed its 'B+' long-term corporate credit rating and 'cnBB' long-term Greater China regional scale rating on cement producer China Tianrui Group Cement Co. Ltd.

China Tianrui 1H net down 38.7% to CNY402m

20 August 2012, Published under Cement News

China Tianrui Group Cement said its profit attributable to owners dropped 38.7 per cent YoY to CNY402m for the six months ended 30 June 2012. Its basic earnings per share were CNY17 cents. The revenue was CNY3.71bn, a decrease of 8.9 per cent from a year earlier. The gross profit fell 24.3 per cent YoY to CNY911m. The gross profit margin decreased to around 24.6 per cent in the 1H12 from 29.5 per cent in the same period 2011. The decrease in both gross profit and gross profit margin were pr...

China Tianrui Group considers bond sale

24 July 2012, Published under Cement News

China Tianrui Group Cement Co is considering selling a three-year offshore yuan bond, known as a dim sum bond, a source disclosed to Dow Jones. The cement producer, which operates in the Henan and Liaoning provinces, has mandated BOC International as the global coordinator to arrange a series of bond investor meeting and conference calls, the source said. The company plans to use the proceeds to refinanced existing debt obligations and supplement working capital. Meanwhile, Moody’s Inv...

S&P rates China Tianrui Group Cement 'B+'

19 April 2012, Published under Cement News

Ratings agency Standard & Poor’s (S&P) has assigned its 'B+' long-term corporate credit rating and 'cnBB' Greater China credit scale rating to China Tianrui Group Cement Co. Ltd. (Tianrui group). The outlook is stable. A the same time, Standard & Poor's assigned its 'B' issue rating and 'cnBB-' Greater China credit scale rating to the group's proposed issue of senior unsecured notes. The rating on the notes is subject to our review of the final documentation for the notes issuance. Tianrui g...