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China Southern Power Grid To Raise $782M
China Southern Power Grid Co. is looking to raise $782 million through a sale of medium-term notes.
China Southern Power Grid Co.希望筹集7.82亿美元通过出售吗medium-term notes,The Wall Street Journalreports. The notes, which will be sold on the interbank market, will mature in 2016.
The company, which operates a power grid covering five provinces, will utilize the proceeds to pay back bank loans and boost its working capital.Industrial & Commercial Bank of ChinaandChina International Capital Corp.will act as main underwriters for the offering.
Click here for the story fromThe Wall Street Journal.