China's Shanghai Huayi debuts $350m bond

Chinese chemicals company sells its first global debt offering, raising funds for refinancing and working capital purposes despite volatility in the commodity chemical market.

Government-owned Shanghai Huayi sold an inaugural $350 million five-year debt offering on Monday night, braving fragile commodity chemical market conditions to raise funds for refinancing and working capital purposes.

¬ Haymarket Media Limited. All rights reserved.

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