Weichai granted RMB 1.4 billion in bonds

Weichai Power announced that it has been approved to issue bonds with a total principal amount of RMB 1.4 billion in China. It is expected to be conducted on July 28 and underwritten by China Merchants Bank. The proceeds from issuing bonds will be used to supplement liquidity requirements.

The subscription amount of the bond must be a multiple of 5 million yuan and not less than 5 million yuan. The term of the bond will be 5 years, each face value will be 100 yuan, and the bond will be listed and transferable on the China Interbank Bond Market with a redemption date of July 29, 2016.

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