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China Resources Cement gears up to issue up to RMB 5 billion bonds
By Marisa Wong
Morgantown, W.Va., Nov. 15 – China Resources Cement Holdings Ltd. said it received regulatory approval to issue up to RMB 5 billion of corporate bonds in China.
The bonds will be issued in one or more tranches with terms of no more than 10 years, as previously announced.
The company had said it intends to offer an initial tranche totaling up to RMB 4.5 billion. China Merchants Securities Co., Ltd. and CSC Financial Co., Ltd. will be the lead underwriters.
China Resources Cement Holdings is based in Hong Kong. It is the holding company of the cement and concrete operations of China Resources Group.
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