China Medical plans $175m five year bond issue

Medical device maker China Medical Technologies Inc plans a $175 million, five-year bond issue callable after three years, sources close to the deal said on Wednesday. The China-based company would start a global bond investor road show on Wednesday in Asia, US and Europe ahead of the planned debt sale, one of the sources said. The company had hired Deutsche Bank AG and Standard Chartered Plc to arrange the meetings and the proposed bond issue, the sources said.