China’s Shandong Chenming Paper eyes offering of dollar bonds

By Wendy Van Sickle

Columbus, Ohio, July 31 – Shandong Chenming Paper Holdings Ltd. plans to offer dollar-denominated bonds, according to a company notice.

The bonds will be issued through the company’s Meilun (BVI) Ltd. subsidiary and will be guaranteed by the parent.

Zhongtai International, AMTD and Admiralty Harbour are the global coordinators, bookrunners and lead managers for the Regulation S offering.

Proceeds will be used to refinance existing debt.

The Shandong, China-based paper manufacturer said the approval, if granted, would be valid for 36 months.

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