trending Market Intelligence /marketintelligence/en/news-insights/trending/YwTRwLP6q80AKGPFsXTMRg2 content esgSubNav
In This List

Hesteel to issue 1.5B yuan in bonds for loan payments

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Hesteel to issue 1.5B yuan in bonds for loan payments

Hbis Co. Ltd., or Hesteel, will issue a bond offering of up to 1.5 billion Chinese yuan on Dec. 11 to repay its loans.

The interest rate of the notes will be fixed at between 3.4% and 4.9%, with maturity of the bonds set at five years.

China Chengxin Securities Ratings Co. Ltd. had affirmed an AAA rating for the issuance.

China Development Bank Securities Co., Ltd. will serve as the lead underwriter for the debt offering.

As of Dec. 6, US$1 was equivalent to 7.04 Chinese yuan.