By Susanna Moon
Chicago, June 16 - Dongfeng Motor Group Co. Ltd. issued RMB 2 billion in the first tranche of short-term debentures at 98.31.
The company sold the bonds to institutional investors in the inter-bank debenture market.
The bonds will mature in 365 days.
Shareholders approved the issue at the 2007 annual meeting.
On Dec. 14, the company priced RMB 1.9 billion of short-term debentures at 96.52. The securities mature in 365 days.
Dongfeng is a Hubei, China-based car maker.
| Issuer: | Dongfeng Motor Group Co. Ltd.
|
| Issue: | Short-term debentures
|
| Amount: | RMB 2 billion
|
| Maturity: | 365 days
|
| Price: | 98.31
|
| Settlement date: | June 15
|
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