WESTCHINACEMENT (02233) plans to issue senior notes with a total principal of 300 million US dollars.

date
07:46 02/02/2026
avatar
GMT Eight
Western Cement (02233) announced that on February 2, 2026, the Company and its subsidiaries as guarantors entered into a purchase agreement with J.P. Morgan Securities (Asia Pacific) Limited for the issuance of notes with a total principal amount of 300 million US dollars.
WEST CHINA CEMENT (02233) announced that on February 2, 2026, the Company and its subsidiaries as guarantors entered into a purchase agreement with J.P. Morgan Securities (Asia Pacific) Limited (J.P. Morgan) for the issuance of notes with a principal amount of USD 300 million. Upon fulfillment of certain conditions, the Company will issue notes with a total principal amount of USD 300 million, and the notes will mature in November 2029 unless redeemed early in accordance with the terms of the notes. The Company intends to use the net proceeds from the issuance of the notes (after deducting underwriting commissions and other expenses payable by the Company in connection with the issuance of the notes) together with cash on hand to repurchase, redeem or repay existing debts of the Company (including any offers or redemptions of the 2026 notes) and for working capital purposes (including current liabilities).