# AVIC Electromechanical Systems to raise CNY2.1bn via convertible bonds

AVIC Electromechanical Systems intends to raise gross proceeds of CNY2.1 billion ($306.68 million) through the issue of convertible bonds on the Shenzhen Stock Exchange, maturing in August 2024.

- Type: Investment
- Announced: 2018-09-28
- Where: China
- Value: $306.7M (2.10B CNY)
- Status: announced
- Products: aviation electromechanical products, automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [AVIC Electromechanical Systems](https://endata.com/companies/17098.md)

## Sources

- [airport-technology.com](https://www.airport-technology.com/news/deals-mas-week-avic-electromechanical-systems-airborne-capital-bombardier-commercial-aircraft/), 2018-09-27: "AVIC Electromechanical Systems intends to raise gross proceeds of CNY2.1bn ($306.68m) through the issue of convertible bonds."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.