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Bonds

Low take-up for Shougang issue

PUBLISHED : Friday, 13 November, 1998, 12:00am
UPDATED : Friday, 13 November, 1998, 12:00am

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Shougang Concord International Enterprises' $229.2 million bond issue has been undersubscribed. Offers for 69 per cent of the bonds have been received. The remaining bonds had been taken up by the issue's underwriters, the company said.