China’s Goldwind plans up to RMB 1 billion short-term debt, up to RMB 2.3 billion MTNs

By Toni Weeks

San Luis Obispo, Calif., July 8 – Xinjiang Goldwind Science & Technology Co., Ltd. gave more details in a company news release about its proposed issue of debt financing instruments.

The company is proposing to issue short-term debt financing instruments in a principal amount not to exceed RMB 1 billion via the National Inter-bank Bond Market.

The bonds will have a maturity of one year or less and will be priced based on the prevailing market condition.

The company is also proposing to issue medium-term notes in an amount not to exceed RMB 2.3 billion. The notes will have a maturity of five years or less.

The company said on April 25 that it could issue up to RMB 5 billion of debt financing instruments with maturities of five years or less.

The instruments may be offered in or outside China.

Both issues are contingent on approval of the National Association of Financial Market Institutional Investors.

Proceeds will be used to supplement working capital and repay bank loans.

Goldwind makes wind turbines. It is based in Urumqi, China.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.