Xiwang Special Steel plans dollar-denominated senior notes offering

By Jennifer Chiou

New York, Feb. 2 – Xiwang Special Steel Co. Ltd. announced a proposed international offering of dollar-denominated senior notes.

UBS AG, Hong Kong Branch, is the global coordinator with UBS, Australia and New Zealand Banking Group Ltd. and CLSA Ltd. as joint lead managers and bookrunners.

The notes are subject to market conditions.

Proceeds are earmarked for refinancing existing debt and for general corporate purposes.

Based in Binzhou, China, the issuer is a special steel manufacturer.

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