17
Oct
10:04
Fangda Special drastically cuts fundraising target
The board of China’s Fangda Special Steel has drastically cut the amount of its bond issuance, and China Galaxy Securities again has issued a recommendation letter of issuance.
According to the exchange file, the company now only targets raising CNY 1.796 billion ($246 million) from issuing convertible corporate bonds. This is a 42% slump compared with the goal set in March, Kallanish notes.
The company declares that this decision is based on regulatory req…
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Anonymous
Very good overview of the weekly steel market.
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