Bonds News
- Sany Heavy Industry to issue bonds
Date: 5-Jul-2007 Sources: (Shenzhen Daily)
SANY Heavy Industry Co., which lists A shares on the Shanghai Stock Exchange, said yesterday it has won approval from the National Development and Reform Commission to issue 500 million yuan (US$65.79 million) worth of 10-year fixed-rate bonds to both individual and institutional investors.
The company said in a statement that the yield on the bonds will be set at 5.2 percent. Minsheng Securities is the main underwriter for the issue. The proceeds will be invested in a concrete pump truck manufacturing project, the company said.
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