Zhongsheng Group Holdings Ltd. (HK:0881) has released an update.
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Zhongsheng Group Holdings Ltd. is set to issue $600 million worth of 5.98% bonds due January 2028, with the goal of raising about $594.81 million in gross proceeds to refinance existing offshore debt. The proposed bond issue is backed by an array of heavyweight financial institutions serving as joint lead managers, including Goldman Sachs and HSBC, and is pending approval and market conditions. Shareholders and potential investors are urged to exercise caution as the bond issue’s completion is not guaranteed.
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