(Bloomberg) -- Shanghai Automotive Co., China's
largest carmaker, plans to sell as much as 8 billion yuan ($1.06
billion) of bonds to help fund the development of its own-brand
Roewe sedans and acquisitions.
The six-year bonds will give investors call warrants, or the
right to buy shares at a fixed price in the future, the company
said in statement today. It didn't say when the sale
would take place, how many call warrants investors would receive
or the trigger price.
Read more at Bloomberg Bonds News
largest carmaker, plans to sell as much as 8 billion yuan ($1.06
billion) of bonds to help fund the development of its own-brand
Roewe sedans and acquisitions.
The six-year bonds will give investors call warrants, or the
right to buy shares at a fixed price in the future, the company
said in statement today. It didn't say when the sale
would take place, how many call warrants investors would receive
or the trigger price.
Read more at Bloomberg Bonds News
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