Tianqi bonds hit by acquisition plan, CEFC slumps

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By Addison Gong
23 May 2018

Tianqi Lithium Corp and CEFC China Energy Co were thrust into the limelight this week after their existing dollar bonds plummeted in the secondary market. Addison Gong reports.

China’s Tianqi Lithium said last Friday that it has agreed to purchase close to 62.6m A-shares of Sociedad Química y Minera de Chile (SQM) for $4.07bn in cash, from Canadian fertiliser producer Nutrien. The shares are equal to a 23.77% stake. The deal is expected to be completed ...

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