China Glass downsizes five-year notes to $100 million from $120 million

By Aaron Hochman-Zimmerman

New York, July 2 - China Glass Holdings Ltd. cut its issue of five-year senior bonds (B1/B+) to $100 million from $120 million, according to a market source.

The source expects the deal to price on Tuesday, although timing is not definite.

Standard Chartered will be the bookrunner for the Regulation S deal.

Proceeds from the sale will be used to refinance debt and for general corporate purposes.

China Glass is a Hong Kong-based maker of glass and glass products.

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