On September 19, 2011, the application for the issuance of corporate bonds by Zhejiang Reliant Birds Fashion Co., Ltd. was examined and approved by the issuance examination committee of the China Securities Regulatory Commission. The good news bird shares The bond issue size of 600 million yuan, five-year fixed-rate bonds and seven-year fixed-rate bonds in two varieties, the coupon rate by the company and the sponsor (underwriters) China Aviation Securities Co., Ltd. through market inquiry Price negotiated. The raised funds are intended to be used to repay commercial bank loans and liquidity replenishment, help to adjust the company's debt structure and supplement the company's working capital, which will help to cure the cost of capital, reduce financial risks and meet the Company's working capital needs.
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