China’s Yangtze Optical Fibre eyes RMB 2 billion debt instruments

By Marisa Wong

Morgantown, W.Va., Dec. 23 – Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. is proposing to issue up to RMB 2 billion of short- to medium-term debt financing instruments in China, according to a notice.

The instruments may be issued in tranches, with each issue capped at RMB 1.4 billion, and will have maturities of up to five years.

Proceeds will be used for daily business operational needs, to replace existing foreign currency liabilities and to optimize the company’s debt financing structure.

The proposed issuance is subject to shareholders’ approval.

The Wuhan, China-based company manufactures and sells optical fiber and cable products.

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