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Shandong Hongqiao issues 1.2 billion yuan corporate bonds for two new fabrication projects
Edited by : AL CIRCLE
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Shandong Hongqiao New Material Co. issued a total of 1.2 billion yuan ($196 mn) for financing two fabrication projects and supplementing the working capital, as reported by China Economic Herald.
The company raised their funds by issuing a 7-year corporate bond with a sum of 1.1 bilion yuan . This fund would be used for an 80,000-tpy production line for making aluminum foam used for aviation purpose and a 60,000-tpy line for making aluminum foils used especially in air conditioners. According to the report, the company would allocate another 100 million yuan for their additional operation funds.
The company raised their funds by issuing a 7-year corporate bond with a sum of 1.1 bilion yuan . This fund would be used for an 80,000-tpy production line for making aluminum foam used for aviation purpose and a 60,000-tpy line for making aluminum foils used especially in air conditioners. According to the report, the company would allocate another 100 million yuan for their additional operation funds.
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