China Oriental Group delays offering of dollar-denominated notes

By Christine Van Dusen

Atlanta, May 25 - China Oriental Group Co. Ltd. has postponed a planned dollar-denominated issue of senior notes via Deutsche Bank and ING, a market source said.

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.

Other details of the offering were not immediately available.

China Oriental Group is an integrated iron and steel manufacturer based in Hong Kong.

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