| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Wuxi Chengkai Industrial Development Group Co., Ltd. > News item |
Wuxi Chengkai Industrial Development cancels €160 million credit-enhanced bonds
By Rebecca Melvin
Concord, N.H., June 8 – Wuxi Chengkai Industrial Development Group Co. Ltd. applied to suspend trading of €160 million 2¼% credit-enhanced bonds due 2025, which were slated to have been issued June 6, according to a notice.
The bonds were supported by an irrevocable standby letter of credit issued by Bank of Ningbo Co., Ltd., Wuxi Branch.
The closing did not occur and the bonds were not issued.
The issuer has decided to not proceed with the issue and has applied to the Stock Exchange of Hong Kong Ltd. for withdrawal of the listing.
The China-based investment company invests in microelectronics and new energy development, among other things.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.