China Shanshui launches $300m syndicated loan
However, the cement company still needs to raise more funds as it faces Rmb4.9 billion of debt maturing this year, according to an S&P report.
May 12, 2014
China Shanshui Cement finally crossed the line with its $400 million high-yield bond on Friday evening in what turned out to be an unusually eventful trade. The deal was the first high-yield Chinese industrial name to price since May 2011, but its return was unfortunately overshadowed by delays and clunky execution.
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