Fuyao Glass Industry: financing bills to be issued

Chinese windshield manufacturer Fuyao Glass Industry Group Co. Ltd. reportedly issued RMB 500 million in financing bills on the interbank market on 18 November 2009. The 365-day bills became tradable …

Chinese windshield manufacturer Fuyao Glass Industry Group Co. Ltd. reportedly issued RMB 500 million in financing bills on the interbank market on 18 November 2009. The 365-day bills became tradable 20 November 2009, and both value date and payment due date were 19 November 2009. According to the company, proceeds from the issuance will be mainly used to replenish working capital and pay debts. China Construction Bank Corp and Evergrowing Bank Co Ltd have been assigned as the major underwriters for the sale.