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China's XinAo Gas to issue $150 million seven-year bonds
By Reshmi Basu
New York, July 22 - XinAo Gas Holdings Ltd. plans to issue $150 million seven-year bonds (Ba1/BB+), according to a market source.
Proceeds from the sale will be used to fund new acquisitions and for working capital.
Deutsche Bank is the bookrunner for the offering.
XinAo Gas, based in Beijing, is a gas operator.
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