Shanghai Electric debuts $500m bond

The Chinese state-owned power equipment supplier sells first dollar-denominated bond, raising funds to finance its offshore acquisition binge.
Shanghai Electric diversifies into wind and gas turbine products
Shanghai Electric diversifies into wind and gas turbine products

Shanghai Electric sold a capped $500 million five-year bond on Thursday, its first ever in the global debt markets, using the proceeds for offshore acquisitions and general corporate purposes.

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