Shandong Steel Plans Private Bond Issuance Worth Up to 3 Billion Yuan

Stock News07-31

Shandong Iron And Steel Company Ltd (600022.SH) announced plans to issue corporate bonds in a non-public offering with a total size not exceeding 3 billion yuan (inclusive). The proceeds from the bond issuance will be used for purposes including but not limited to repaying the company's interest-bearing debts, supplementing working capital, and other uses approved by regulatory authorities such as the China Securities Regulatory Commission and the Shanghai Stock Exchange. The funds may also be utilized on a consolidated basis within the company and its subsidiaries included in the consolidated financial statements.

This strategic financial move aims to optimize the company's capital structure and enhance its financial flexibility.

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