China Resources Gas Group (HKG:1193) said its unit China Resources Gas Investment (China) issued bonds worth 2.5 billion yuan, according to an April 10 Hong Kong bourse filing.
Shares of the gas distributor were down over 1% in Monday morning trade.
The bonds have a term of three years and carry a coupon rate of 1.59% per annum.
The proceeds from the offering will be used to repay debt, replace certain bank loans, and replenish working capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments