07
Jun
04:24
Taigang sees first tranche of debt-for-equity swap investment
Taiyuan Iron & Steel (Taigang) has received the first batch of investment from its debt-for-equity partner Industrial and Commercial Bank of China (ICBC), according to the Shanxi Daily. The first batch of investment totalled CNY 4 billion ($0.59 billion), says ICBC Shanxi branch.
Taigang signed a debt-for-equity swap agreement with ICBC in December 2016, jointly building up a CNY 6 billion debt-for-equity fund. ICBC added another CNY 4 billion to enlarg…
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Anonymous
Very good overview of the weekly steel market.
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