China's Great Wall Motor Considers $1 Billion Convertible Bond Sale [Yahoo! Finance]
GREAT WALL MOTOR CO ADR (GWLLY)
NASDAQ:AMEX Investor Relations:
gwm-global.com/investor-relations/announcement.html
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Source: Yahoo! Finance
Most Read from Bloomberg Chicago Mayor Seeks Property Tax Hike, Breaking Campaign Vow Is Denver's Big Bet on E-Bikes Paying Off? NY Transit Agency Takes Next Step on Brooklyn-Queens Rail Link There Will Soon Be No Meatpackers Left in NYC's Historic Meatpacking District A South Korean City Plays Matchmaker to Tackle a Fertility Crisis The company, one of the largest independent auto manufacturers in China, has held early discussions with advisers about the potential sale, the people said, asking not to be identified as the information isn't public. Deliberations are preliminary and Great Wall Motor may decide against an offering, the people said. The company didn't respond to a request for comment. Great Wall Motor would join a growing number of Chinese companies that have sold convertible bonds this year to get cheaper financing than through traditional debt, given higher borrowing costs. They have been especially popular in the tech sector — Alibaba Group Holding L
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