China Vehicle Components plans HK$300 million four-, eight-year bonds

By Marisa Wong

Madison, Wis., Aug. 25 – China Vehicle Components Technology Holdings Ltd. is proposing to issue up to HK$300 million of bonds in one or more tranches, according to a company announcement.

The bonds are expected to have maturities of four and eight years with coupons of 7% and 7½%, respectively. The bonds will be priced at par.

The exact terms of the bonds have yet to be determined.

Bocom International Securities Ltd. will act as agent.

None of the bonds will be offered to the public in Hong Kong, the company noted.

The Nanyang, Henan, China, company designs and manufactures shock absorbers.

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