Fuyao Glass Industry Raises 300 Million Yuan for Loan Repayment
Fuyao Glass Industry (SHA:600660) raised 300 million yuan via the issue of three-year bonds carrying an interest rate of 1.68%.Proceeds will be used to repay bank borrowings, according to a Friday filing with the Shanghai bourse.Bank of China serves as lead underwriter, with Industrial Bank as joint lead underwriter.Shares of the automotive glass manufacturer slid 1% in recent trade.