Shenergy (SHA:600642) completed the issuance of 2 billion yuan in convertible bonds, according to a Thursday filing with the Shanghai Stock Exchange.
Existing shareholders subscribed for the majority of the offering, taking up 1.42 million lots valued at 1.42 billion yuan.
Online investors absorbed an additional 570.8 million yuan, while joint lead underwriters Huatai United Securities and CITIC Securities subscribed to the remaining 6.67 million yuan in unallocated bonds.
Shenergy's shares fell 1% recently.