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Ansteel unveils two financing plans


Post Date: 24 Jul 2009    Viewed: 704

Angang Steel plans to issue no more than 217 million H shares, or 20 percent of its total H stocks, at a market price to raise about HK$3 billion if calculated at HK$14.92 per share closed yesterday (July 22). In another plan, the mill is slated to publish, in two terms, no more than six billion yuan worth of one-year-term financing bonds in the Chinese inter-bank bond market at an estimated interest rate of 2 to 2.5 percent.


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