West China Cement subsidiary to sell RMB 400 million one-year notes

By Marisa Wong

Morgantown, W.Va., March 1 – West China Cement Ltd. said indirect wholly owned subsidiary Yaobai Special Cement Group Co., Ltd. will issue RMB 400 million of one-year notes on Friday.

Agricultural Bank of China Ltd. is the underwriter.

The company previously registered to issue RMB 1.2 billion of short-term notes and issued an initial tranche totaling RMB 800 million in March 2016.

Proceeds will be used to repay bank loans and for general working capital.

The cement manufacturer and distributor is based in Xiían, Shaanxi Province, China.

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