Guangdong Dongyangguang Aluminum (600673) plans to issue 900 million yuan worth of five-year corporate bonds, reports p5w.net, citing a company filing.
Online subscription will take place on June 15 while offline subscription will be conducted during the June 15-17 period.
The coupon rate will range from 5.2 percent to 5.8 percent.
The issuer has the option of raising the coupon rate while bond buyers could sell the bonds back to the issuer at the end of the third year.
Thirty-five percent of the total funds raised will be used to repay bank loans totaling 320 million yuan and the remainder will be used to replenish working capital.
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