07
Jul
07:30
Bengang issues CNY 6.8 billion in bonds
Benxi Iron & Steel (Bengang) has successfully issued CNY 6.8 billion ($969.2 million) of A-share convertible corporate bonds, Kallanish notes.
According to the sale data, the original shareholders preferentially received a placement of CNY 1,683,642,700. Online investors and the main underwriter get CNY 4,715,159,100 and CNY 401,198,200 separately. The three groups accounted for 24.76%, 69.34% and 5.9% of the issued shares respectively.
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Very good overview of the weekly steel market.
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