TC

23/10/2017 12:16

Angang Steel (00347) plans to issue up to US$300m CBs

    Angang Steel (00347) said it proposes to issue H share convertible corporate bonds of not more than US$300 million or its equivalent in other currencies.
  The convertible bonds will be convertible into about 217 million H shares of Angang Steel. 
  The proceeds will mainly be used for satisfaction of Angang Steel's operation needs, adjustment to the debt structure, replenishment of working capital and other purposes.

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