Dongfeng Motor’s Hong Kong unit plans to issue bonds

By Marisa Wong

Madison, Wis., Dec. 5 – Dongfeng Motor Group Co. Ltd. announced that wholly owned subsidiary Dongfeng Motor (Hong Kong) International Co., Ltd. plans to issue bonds outside mainland China.

The bonds will be guaranteed by the parent company.

The exact amount and pricing have yet to be determined.

Proceeds will be used to refinance a loan borrowed for the subscription of shares in Peugeot SA.

The automobile manufacturer is based in Wuhan, China.

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