Skip to main content

China Shanshui dollar bonds climb

Published by
World Cement,

According to a report by Bloomberg, China Shanshui Cement Group’s dollar bonds due for repayment in 2020 rose after the cement maker announced that it would repay them before time, raising investors’ confidence after a shareholder scrap.

China Shanshui intends to begin buying back the US$500 million of outstanding notes by 19 January after the tussle triggered early redemption. The company also plans to pay the US$303.6 million of onshore bonds that defaulted in November.

Investors hope the plans signal a path to normality as new bosses, backed by biggest shareholder Tianrui Group Co., seek to take control of the cement maker’s operations from founder Zhang Caikui.

Edited from source by Joseph Green. Source: Bloomberg

Read the article online at:

You might also like




At WCT2021 you will hear from a range of industry leaders and technical experts as they discuss the key challenges facing the cement industry and the latest solutions on offer. Register for free today »


Embed article link: (copy the HTML code below):