China’s Chalieco plans onshore, offshore debt financing instruments

By Marisa Wong

Morgantown, W.Va., Aug. 30 – China Aluminum International Engineering Corp. Ltd. (Chalieco) is proposing to issue up to RMB 20 billion of onshore and offshore corporate debt financing instruments, according to a notice.

The debt financing instruments will have tenors of up to 10 years.

Proceeds will be used to meet business operation needs, adjust the company’s debt structure and supplement working capital.

The proposed issuance is subject to shareholders’ approval at an upcoming meeting.

Chalieco conducts engineering design and consultancy, engineering and construction contracting and equipment manufacturing business. Chalieco is an affiliate of Aluminum Corp. of China (Chalco). Chalieco and Chalco are both based in Beijing.

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