05
Mar
10:29
Zhejiang Yongjin issues bonds to fund stainless project
Zhejiang Province's Yongjin Metal Technology, listed in 2019, says it will issue convertible corporate bonds of no more than CNY 1 billion ($154 million), and these will be listed on the Shanghai Stock Exchange, Kallanish learns from an exchange announcement.
The face value and issue value of each convertible bond is CNY 100. The bond has a maturity of six years, and the interest will be paid annually. The firm plans to invest CNY 700 million of funds raised i…
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