Xiamen厦工机械股份有限公司拟发行6亿元可转换公司债券，鹏元资信评估有限公司对其评级为AA+，该等级反映了本期债券安全性很高，违约风险很低。
This report by Pengyuan Credit Rating evaluates Xiamen XGMA Machinery's planned 600 million yuan convertible corporate bond and assigns the bond an AA+ rating, with an AA long-term issuer rating and stable outlook. It describes the issuer, bond terms, the full joint and several liability guarantee by Xiamen Machinery & Electrical Group, and the intended use of proceeds.
The report also presents key financial indicators for 2006-2008 and summarizes basic views and concerns, including liquidity pressure and the impact of macroeconomic conditions on the construction machinery industry. This manual is written in Chinese.
The convertible bond was rated AA+.
Xiamen Machinery & Electrical Group Co., Ltd. provides a full joint and several liability guarantee.
The issue size is 600 million yuan.
They are intended for the northern (Jiaozuo) equipment manufacturing base, related bridge and gearbox facilities, overseas marketing network construction, and working capital.