Shandong Chenming Paper to Issue 1.2 Billion Yuan Corporate Bonds

MT Newswires Live

2024/09/09

Shandong Chenming Paper Holdings (HKG:1812) plans to issue a maximum of 1.2 billion yuan in corporate bonds with a five-year tenure, according to a Friday filing with the Hong Kong bourse.

The bond interest rate will be determined later, based on market conditions, while the proceeds will be used for debt retirement.

The issue of bonds will be subject to shareholders' approval.

The paper company's shares were down by over 1% in recent trading.

Price (HKD): $1.51, Change: $-0.020, Percent Change: -1.31%

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