China International Capital plans RMB 20 billion debt instruments

By Marisa Wong

Morgantown, W.Va., April 22 – China International Capital Corp. Ltd. is proposing to issue up to RMB 20 billion of onshore and offshore debt financing instruments, according to a company announcement.

The instruments would have maturities of no more than 15 years, unless they are perpetual bonds.

Proceeds would be used to meet business operation needs, adjust the company’s debt structure, replenish working capital or invest in projects.

The proposed issuances are subject to shareholders’ approval.

The financial services company is based in Beijing.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.