November 8, 2012

China's Liaoning Huajin Tongda to issue US$432 million bonds

The China Securities Regulatory Commission approved the issuance of a five-year unsecured corporate bonds worth CNY2.7 billion (US$432 million) by Liaoning Huajin Tongda Chemicals Co Ltd during November 9-13, 2012.

Liaoning Huajin Tongda Chemicals Co Ltd, a China-based company engaged in the manufacture and sale of petrochemical products and chemical fertilisers, announced this on November 7.

China Securities Co Ltd will be the lead underwriter. China Chengxin International Credit Rating Co Ltd has rated both the issuer and issuance AA+.