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AviChina Industry & Technology eyes RMB 2.4 billion convertible bonds
By Marisa Wong
Morgantown, W.Va., May 18 – AviChina Industry & Technology Co. Ltd. is proposing to issue up to RMB 2.4 billion of convertible corporate bonds.
The bonds would be issued through non-wholly owned subsidiary China Avionics Systems Co., Ltd., according to a company announcement.
The proposed offering is still under discussion and is subject to some uncertainties, the company said.
The aircraft manufacturing company is based in Beijing.
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