Hebei Iron debuts $500m bond

China’s second-biggest steel producer raises its first dollar-denominated bond, boosting its warchest amid thirst for global expansion.

Hebei Iron & Steel is China's second-largest steel producer

Chien Mi Wong

October 20, 2014

Hebei Iron and Steel sold a $500 million three-year bond on Monday night, raising funds for working capital purposes as it looks to beef up its operations overseas.

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Debt
North Asia

#hebei iron & steel
#natural resources
#bonds
#china
#investment grade