By Angela McDaniels
Tacoma, Wash., July 15 - China Shanshui Cement Group Ltd. priced RMB 1.5 billion of 6½% senior notes due July 22, 2014 at par, according to a company news release.
BOCI Asia Ltd., Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Hong Kong branch and UBS AG, Hong Kong branch are the bookrunners and lead managers for the Regulation S deal.
The notes will be callable at any time at par plus the applicable premium.
The proceeds will be used to refinance existing borrowings and for general corporate purposes.
The Jinan, China-based company makes cement, clinker and concrete.
| Issuer: | China Shanshui Cement Group Ltd.
|
| Issue: | Senior notes
|
| Amount: | RMB 1.5 billion
|
| Maturity: | July 22, 2014
|
| Coupon: | 6½%
|
| Price: | Par
|
| Yield: | 6½%
|
| Call option: | At any time at par plus the applicable premium
|
| Bookrunners: | BOCI Asia Ltd., Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Hong Kong branch, UBS AG, Hong Kong branch
|
| Pricing date: | July 15
|
| Distribution: | Regulation S
|
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