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.