Tewoo gets SBLC backing for debut

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By Rev Hui
21 Oct 2014

China’s Tewoo Group is gearing up for its first foray into the debt market, mandating three banks to arrange a series of investor meetings that started on October 22.

Also known as Tianjin Material & Equipment Group Corporation, Tewoo is one of the largest state-owned conglomerates in Tianjin with business interests in automobile, commodities trading, logistics, real estate, financial services and vocational training.

The bonds will be issued via Tewoo (Hong Kong) and also come ...

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