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China's Pacific Andes Resources taps leads for renminbi notes
By Christine Van Dusen
Atlanta, Jan. 14 - China's Pacific Andes Resources Development Ltd. has mandated Bank of America Merrill Lynch, HSBC and Standard Chartered as the bookrunners for an offering of renminbi-denominated notes, a market source said Friday.
The notes will carry a maturity of between three and five years, according to a company announcement.
A roadshow for the Regulation S senior notes will begin Monday and travel through Singapore and Hong Kong.
Proceeds will be used for general corporate purposes, to fund capital expenditures and working capital, and to refinance a portion of existing debt.
Pacific Andes Resources is a Hong Kong-based seafood company.
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