Agoracom: Small Cap Investment - Crystallex International - China Railway Group up 10% on HK exchange

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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makinmoola2

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China Railway Group up 10% on HK exchange

posted on Oct 18, 2010 08:07PM

Here was the most recent news on found on China Railway Group Ltd:

SHANGHAI (Dow Jones)--China Railway Group Ltd. (0390.HK), a state-owned builder of railway lines, said Friday it will sell CNY6 billion (US$901.1 million) worth of bonds on the Shanghai Stock Exchange between Monday and Tuesday.

The bonds will be sold in two tranches--CNY3 billion of 10-year bonds and CNY3 billion of 15-year bonds, the company said in a statement.

China Railway said it will use the proceeds from the sale to repay bank loans and reduce financing costs.

China Railway, which has built over two-thirds of the country's railway links, mandated BOC International (China) Ltd. and UBS Securities Co. to underwrite the bonds.

-Wang Ming contributed to this article, Dow Jones Newswires; (86-21) 6120-1200; ming.wang@dowjones.com

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