Cement News tagged under: South Cement Co

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South Cement Co to issue 270-day bills

03 February 2015, Published under Cement News

South Cement Co, Ltd, a subsidiary of Hong Kong-listed China Building Materials Co, has announced it will issue CNY1.5bn (US$240m) unsecured super short-term bills with a maturity of 270 days on the interbank market today. The company said in a statement that the bills will be issued at the face value and the coupon rate determined in the process of bookbuilding. Both of value date and payment due date is set on 4 February and the to-be-issued tradable on 5 February/ Shanghai Brilliance...

South Cement Co to issue 270-day bills

06 January 2015, Published under Cement News

South Cement Co has announced that it will issue CNY750m (US$120.7m) unsecured super short-term bills with a maturity of 270 days on the interbank market on 6 January. The company, controlled by state-owned China National Building Material Co, said in a statement that the bills will be issued at the face value, and the coupon rate determined in the process of bookbuilding. Both value date and payment due date is set on 8 January, and the to-be-issued bills tradable on 9 January. Shang...

South Cement Co to issue short-term bills, China

06 November 2012, Published under Cement News

South Cement Co, owned by China National Building Materials Co, has announced it plans to issue CNY1.5bn (US$240m) in short-term bills with a maturity of 365 days in the interbank market on 12 November. The company said in a statement 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 are set on 13 November and the to-be-issued bills tradable 14 November. CNY200m of the proceeds from the issue wil...

Fujian Cement to inject CNY950m into subsidiary, China

21 May 2012, Published under Cement News

Fujian Cement Inc is to jointly invest with its second-largest shareholder, South Cement Co Ltd, a combined CNY950m (US$150m) into Fujian Cement's fully-owned cement subsidiary. Its subsidiary will mainly use the funds to invest in its cement and related businesses. After the capital injection the two investors will each hold a 50% stake in the target company, which will have a registered capital of CNY1bn. (Source: China Business Newswire).

South Cement to issue CNY1.5bn in bills, China

13 March 2012, Published under Cement News

South Cement Co controlled by state-owned China National Building Materials Co, has announced plans to sisue CNY1.5bn worth of 365-day unsecured bills on the internet bank market on 15 March, according to reports by China Knowledge Press. The coupon rate will be determined in the process of book building. Both value date and payment due date is set on 19 March and the to-be-issued bills tradable on 20 March. Proceeds from the issuance will be used to repay bank loans and replenish workin...