Tsingtao Brewery to float bonds with attached warrant on Wed

China's top beer producer Tsingtao Brewery Co Ltd<600600><168> will issue RMB 1.5 billion worth of bonds with attached warrant on Apr. 2.

Purchasers will receive seven call warrants for each six-year bond, with the option price set at RMB 28.32 apiece, said the Shandong province-based company in a filing with the Shanghai Stock Exchange today.

The beer maker, in which Anheuser-Busch, the world's second-largest brewer, holds a 17% stake, got green light earlier this month from the regulator for its plan to sell the bonds to expand production.

It A-shares dropped to RMB 25.6 yesterday, down 3.36% from last Friday.