Baogang to issue RMB 2.0 billion of One Belt One Road corporate bonds

Thursday, 04 April 2019 11:41:42 (GMT+3)   |   Shanghai

Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel (Baogang) has announced that it plans to issue RMB 2.0 billion ($0.30 billion) of One Belt One Road corporate bonds, with 70 percent of the amount raised to be used in business operations and project construction in the One Belt One Road area, and 30 percent to be used in repaying interest-bearing liabilities and replenishing the working capital of the company. 



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