Maanshan Iron lays groundwork for $500m CB

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By John Loh
08 Aug 2018

Maanshan Iron & Steel is seeking shareholder approval to raise up to $500m from a debut convertible bond — the first time in 25 years it is tapping equity investors for funds.

The Hong Kong and Shanghai-listed steelmaker plans to sell a five year put three equity-linked bond, it said in a stock exchange filing on Tuesday. The sale requires the consent of its shareholders, which the company hopes to ...

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