China Zenith to place up to HK$100 million 5%-9% bonds due 2021-2025

By Marisa Wong

Madison, Wis., May 19 – China Zenith Chemical Group Ltd. announced that it plans to place up to HK$100 million of 5% to 9% bonds with maturities of six to 10 years.

Pico Zeman Securities (HK) Ltd. is the placing agent. The placement will run for 120 days.

The bonds will be issued at par.

Proceeds will be used for working capital, including the possible repayment of bank loans and future development of the company.

China Zenith is Hong Kong-based company that manufactures coal-related chemical products and biochemical products and also supplies power and steam.

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