China’s Weichai to issue €500 million or dollar-equivalent notes

By Christine Van Dusen

Atlanta, July 13 – China’s Weichai Power Co. Ltd. – through subsidiary Weichai International Hong Kong Energy Group Co. – is looking to issue bonds totaling €500 million, or the equivalent amount in dollars, according to a company announcement.

The proceeds will be used for general corporate purposes and to repay borrowings related to the acquisition of shares of KION Group AG.

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

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