On March 4, Zhejiang province-based Jiuli Special Material Technology Co. has announced that it plans to issue its first short-term bonds in 2013 worth RMB 200 million ($32.2 million).The period of issuance of the short-term bonds is one year, with China Merchants Bank (CMBC) as the main consignee.
Accordingly, the raised funds will be used to improve the financing structure of the company and supplement its working capital.
Source:
http://www.steelorbis.com/steel-news/latest-news/jiuli-special-material-to-issue-short_term-bonds-worth-rmb-200-million-744336.htm
