By Marisa Wong
Madison, Wis., Aug. 1 - Weichai Power Co., Ltd. announced that it issued RMB 1.4 billion of 5.65% debentures due 2016 at par on July 28.
This is 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.
As previously reported, proceeds will be used to supplement working capital.
Weichai Power is a Weifang, China, maker of diesel engines.
| Issuer: | Weichai Power Co., Ltd.
|
| Issue: | Debentures
|
| Amount: | RMB 1.4 billion
|
| Maturity: | 2016
|
| Coupon: | 5.65%
|
| Price: | Par
|
| Yield: | 5.65%
|
| Settlement date: | July 28
|
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