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Tianhong Textile Issues $200 Million Senior Notes
Tianhong textile (02678) planned distribution 200 million dollars. Five year period Priority note The interest rate is 7.625 per cent, payable once every six months. The net proceeds from the issuance of notes amounted to approximately US $1.94, mainly for debt repayment and supplementary capital expenditure. In addition, the company said the notes will be listed on the Singapore Stock Exchange. The shares were sold well this morning, with a record high of 7.32 yuan, up 7.25 yuan, or 2.4%.
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