China Resources Ceme : China Resources Cement : Plan to Issue Senior US Dollar Bonds
09/20/2012| 09:29pm US/Eastern
By Fiona Law
HONG KONG--China Resources Cement Holdings Ltd. (1313.HK) said Friday it plans to issue U.S. dollar senior bonds.
China Resources Cement, a unit of state-owned China Resources Group and one of the largest cement suppliers in southern China, plans to offer Reg S bonds, the company said in a statement.
It didn't disclose the size of the deal, but said proceeds will be used for refinancing and general corporate purposes.
DBS Bank Ltd. is the sole global coordinator of the planned bond, the company said, without further elaboration.
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