WESTCHINACEMENT (02233) is planning to issue senior notes in the amount of USD 400 million at an annual interest rate of 9.90%.

WEST CHINA CEMENT (02233) announced that on November 25, 2025, the company and its subsidiaries, as guarantors, entered into a purchase agreement with CICC, HSBC, and J.P. Morgan for the issuance of 9.90% senior notes with a total principal amount of $400 million due in 2028. The notes will be issued at a price equal to 99.115% of the principal amount. The company intends to use the proceeds from the notes issuance, along with available cash, to repurchase, redeem, or repay existing debts of the company (including tender offers or redemptions of notes due in 2026) and for working capital (including current liabilities).