China's Zoomlion Heavy Industry to start roadshow Monday for bonds

By Marisa Wong

Madison, Wis., March 15 - Zoomlion Heavy Industry Science and Technology Co., Ltd. said it will begin a roadshow on Monday for an offering of bonds.

BOCI Asia Ltd., Credit Suisse Securities (Europe) Ltd. and Goldman Sachs (Asia) LLC will be the joint lead managers and joint bookrunners for the Rule 144A and Regulation S deal.

Zoomlion plans to use the proceeds from the offering to fund its overseas expansion plan, which includes enhancing the group's distribution and service network and establishing research and development centers and manufacturing facilities.

The details of the bonds and the offering are still being determined.

Zoomlion manufactures construction machinery and sanitation equipment and is based in Changsha, China.

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