South Glass a debt 2 billion development solar project today plunged 6.45%

NetEase Finance October 18 October 18, the China Southern Glass Group Co., Ltd. issued a notice that in 2010 to issue no more than 2 billion yuan of corporate bonds for repayment of bank loans and supplementary operating funds.　　The above fund-raising will be used to develop the company's energy-saving glass, solar energy and other two major industries. It is reported that the issue of bonds issued each face value of 100 yuan, the issue period of not more than 7 years, divided into two varieties.　　One is 5-year bond, the second is 7-year bond, while the additional issuer increases the coupon interest rate option and the investor's right to return the sale. The issue of 2 billion yuan corporate bonds accounted for the company in the first half of 2010 to the parent company's net assets ratio of 36.05%. By issuing bonds, raising funds will be used to repay the bank short-term loans and supplementary operating funds, reduce short-term debt ratio, improve the company's liquidity ratio and speed ratio, reduce financial risk. But companies ' total liabilities and asset-liability ratios will also rise. The increase of the debt scale will bring some influence to the operation of the company.　　As of June 30 this year, the company's asset-liability ratio of 47.31%, better than the industry average; the company's liquidity ratio, quick ratio and other short-term debt-servicing indicators is slightly lower than the industry average. South Glass a morning low open, the whole day concussion fell, closed down 6.45%, reported 15.51 Yuan.