By Marisa Wong
Morgantown, W.Va., July 25 – Sinofert Holdings Ltd.’s wholly owned subsidiary, Sinochem Fertilizer Co. Ltd., completed the issue of RMB 1 billion of three-year notes on July 22.
The notes carry a coupon of 3˝%, according to a company announcement on Monday.
This is the company’s first tranche of medium-term notes for 2016.
Proceeds will be used to replenish working capital and to repay loans.
Sinofert, formerly Sinochem Hong Kong Holdings Ltd., is a fertilizer company based in Hong Kong.
| Issuer: | Sinochem Fertilizer Co. Ltd.
|
| Issue: | Medium-term notes, 2016 first tranche
|
| Amount: | RMB 1 billion
|
| Maturity: | Three years
|
| Coupon: | 3˝%
|
| Issue period: | July 21-July 22
|
| Settlement date: | July 22
|
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