Taigang Stainless Steel to raise RMB 7 billion via non-public bond offering

  • Thursday, September 26, 2013
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  • Keywords:Taigang Stainless Steel
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Shanxi-based Chinese stainless steel producer Taigang Stainless Steel has announced that its proposal for the issuing of a non-public targeted debt financing instrument has been approved by its board of directors.
 
Accordingly, Taigang Stainless Steel aims to raise a total of RMB 7 billion ($1.14 billion) by means of a non-public bond offering with a term of three to five years. The period of validity for the issuing of the bonds is 36 months starting from September 23. The Industrial and Commercial Bank of China (Shanxi Provincial Branch) will be the lead underwriter for the issue.
 
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