China’s Xiwang Special Steel sets roadshow for dollar bonds

By Christine Van Dusen

Atlanta, Feb. 3 – China’s Xiwang Special Steel Co. Ltd. will set out on Wednesday for a roadshow to market a dollar-denominated offering of senior notes (expected rating: /BB-/), a market source said.

UBS AG, Hong Kong Branch, is the global coordinator with UBS, Australia and New Zealand Banking Group Ltd. and CLSA Ltd. as joint lead managers and bookrunners for the Regulation S deal.

The roadshow will be held in Hong Kong and Singapore.

The proceeds will be used to refinance existing debt and for general corporate purposes.

Based in Binzhou, China, the issuer is a special steel manufacturer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.