Hong Kong's China Oriental Group plans to begin roadshow May 3 for dollar-denominated notes

By Christine Van Dusen

Atlanta, April 29 - Hong Kong's China Oriental Group Co. Ltd. is planning to hold a roadshow for a proposed issue of dollar-denominated senior notes beginning May 3 via Deutsche Bank and ING, according to a company filing.

Proceeds from the Rule 144A and Regulation S deal will be used to fund working capital, to fund capital expenditures and for general corporate purposes, including the possible acquisition of steel mills in China and investments in iron ore assets.

China Oriental Group is an integrated iron and steel manufacturer.

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