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Meheco Raises 1 Billion Yuan from Two Super Short Bond Tranches

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China Meheco (SHA:600056) raised 1 billion yuan from two tranches of super short-term bonds, according to a Friday filing with the Shanghai bourse.

The drug company issued 500 million yuan in 270-day bonds with an interest rate of 1.45%. Industrial and Commercial Bank of China (HKG:1398, SHA:601398) was the lead underwriter, while Bank of Beijing (SHA:601169) was the joint lead underwriter.

Meheco also issued another tranche of 500 million yuan bonds with a term of 145 days and a rate of 1.42%. China CITIC Bank (HKG:0998, SHA:601998) was the lead underwriter while China Everbright Bank (HKG:6818, SHA:601818) was the joint lead underwriter.

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