China Railway Plans $1.5B Note Sale
China Railway Group is seeking to raise around $1.5 billion in a note sale.
China Railway Group is seeking to raise around $1.5 billion in a note sale, Reuters reports. The securities, which will be issued by state-owned enterprise, will have a term of 15 years.
The railroad builder intends to use the proceeds to increase its working capital, boost its debt structure and build projects, adds Chinese Stock Information. The proposed issue is subject to approval from shareholders.
Click here for the story from Reuters.
Click here for additional coverage from Chinese Stock Information.