China's Weichai Power to issue RMB 1.4 billion five-year debentures

By Marisa Wong

Madison, Wis., July 26 - Weichai Power Co., Ltd. announced that it plans to issue RMB 1.4 billion of five-year debentures on July 28. This will be the company's second tranche of debentures.

Weichai announced in February 2009 that it planned to issue up to RMB 2.7 billion of debentures in one or more tranches within a period of two years. The company issued an initial RMB 1.3 billion of the debentures in August 2009.

Proceeds will be used to supplement working capital.

Weichai Power is a Weifang, China, maker of diesel engines.

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