23
May
13:21
Hegang actively engages in financing domestically and abroad
Hebei Iron & Steel (Hegang) has been actively raising finance on overseas and domestic markets, helping to support its expansion plans in eastern Europe (see Kallanish 22 May). It has just signed the debt-for-equity swap agreement with China Construction Bank (CCB) which will refinance CNY 20 billion ($2.9 billion) of debt.
At the end of March Hegang also issued $500m of three-year high-grade unsecured non-rated bonds in overseas markets with a yield of 4.25…
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Anonymous
Very good overview of the weekly steel market.
Anonymous