- Shandong Borun Industrial Co., Ltd, a wholly owned subsidiary of China New Borun (OTC:BORN) completed a private placement of five-year fixed-rate bonds of RMB300M at an interest rate of 6.5% p.a.
- Bonds received an investment-grade rating of "AA-" by one of China's notable, independent rating agencies.
- Principal portion of the bonds will be paid from November 2, 2019
- Net proceeds to be used for working capital and capital expenditure purposes.
- Press Release