Wheel loader maker in US$350 million IPO

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    PRC construction machinery manufacturer, Lonking Holdings (Lonking) has issued US$350 million high-yield notes due 2016. One of Lonking's core businesses…

    PRC construction machinery manufacturer, Lonking Holdings (Lonking) has issued US$350 million high-yield notes due 2016. One of Lonking's core businesses is producing wheel loaders.

    The initial purchasers of the Rule 144A/Regulation S offering were Credit Suisse Securities and Standard Chartered Bank.

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