By Jennifer Chiou
New York, Aug. 26 - Weichai Power Co., Ltd. announced the settlement of RMB 1.3 billion of 4.95% medium-term debentures on Monday.
The company previously said it may sell up to RMB 2.7 billion of the securities.
The five-year debentures were offered at par of RMB 100 to yield 4.95%.
Proceeds will be used to repay certain bank loans and for the company's diesel engine project.
China Merchants Bank Co., Ltd. is leading a syndicate of underwriters for the deal.
Weichai Power is a Weifang, China, maker of diesel engines.
| Issuer: | Weichai Power Co., Ltd.
|
| Amount: | RMB 1.3 billion
|
| Issue: | Medium-term debentures
|
| Maturity: | Five years
|
| Underwriter: | China Merchants Bank Co., Ltd. (lead)
|
| Coupon: | 4.95%
|
| Price: | Par of RMB 100
|
| Yield: | 4.95%
|
| Pricing date: | Aug. 17
|
| Settlement date: | Aug. 24
|
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