West China Cement subsidiary to sell RMB 500 million three-year notes

By Sarah Lizee

Olympia, Wash., April 30 – West China Cement Ltd. said indirect wholly owned subsidiary Yaobai Special Cement Group Co., Ltd. will issue RMB 500 million of three-year notes on May 7.

Agricultural Bank of China Ltd. is the underwriter.

The company said it has registered to issue RMB 1.5 billion of medium-term notes. The first tranche of notes will form part of the medium-term notes of Yaobai.

Proceeds will be used for general working capital.

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

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