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Prospect News home > News index > List of issuers E > Headlines for Everbright Securities Co. Ltd. > News item |
China’s Everbright Securities eyes RMB 80 billion debt instruments
By Marisa Wong
Morgantown, W.Va., Feb. 28 – Everbright Securities Co. Ltd. is proposing to issue up to RMB 80 billion of onshore debt financing instruments, according to a notice.
Fixed-term instruments will have maturities of up to 10 years.
Proceeds will be used to fund business development, improve the company’s debt structure, supplement working capital and to invest in projects.
The proposed issuance is subject to shareholders’ approval at an upcoming meeting.
Everbright is a securities brokerage based in Shanghai.
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