Shanshui Cement hits size target after documents delay

25 Apr 2012

China Shanshui Cement finally pushed through with its $400m bond late last week, after the deal was delayed when lawyers asked the company to add some information to its prospectus that was disclosed to some but not all investors on the roadshow.

The company launched the bond on April 17, telling investors it wanted to sell a $300m-$400m five year non-call three deal with a yield in the high 10% area. But after lawyers asked for the prospectus to be updated, the bond was held back until April 20, when ...

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