China’s Inner Mongolia Yitai Coal plans up to RMB 6 billion bonds

By Marisa Wong

Morgantown, W.Va., June 13 – Inner Mongolia Yitai Coal Co., Ltd. said it plans to issue up to RMB 6 billion of corporate bonds.

The bonds will be issued through one or more public offerings with maturities of up to five years.

Proceeds will be used to supplement working capital and repay debt.

Based in Ordos, Inner Mongolia, Yitai Coal operates in coal mining, processing and distribution. Through its subsidiaries, the company also operates in hotel management, licorice planting, pharmaceutical manufacturing and road maintenance.

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