XFN-Asia reported that Weichai Power Co Ltd plans to issue CNY 900 million worth of 365 day short term debt paper in the interbank bond market on July 21st.
According to a statement carried on the official Chinabond website the yield will be fixed through bookbuilding on that day.
Weichai Power Co Ltd said the proceeds will help purchase steel products and other raw materials needed in production.
China Construction Bank and China Minsheng Banking Corp will be joint underwriters.
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