HomeProduct Complimentary download Kunming Steel to issue short-term bonds worth RMB 1 billion

Kunming Steel to issue short-term bonds worth RMB 1 billion

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Publish time: 18th December, 2012      Source: ChinaCCM
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Yunnan Province-based Chinese steelmaker Kunming Iron & Steel Group Co. Ltd. (KISC) has announced that it plans to issue short-term bonds worth RMB 1 billion ($160 million) on December 21. The period of issuance of the short-term bonds is one year, with Bank of China as the main consignee.   Accordingly, RMB 800 million ($128 million) of the raised funds will be used to supplement Kunming Steel's working capital, while the remaining RMB 200 million ($32 million) will be for the purpose of debt repayment