Inner Mongolia Yitai Coal gets approval for RMB 6 billion bonds

By Marisa Wong

Morgantown, W.Va., July 26 – Inner Mongolia Yitai Coal Co., Ltd. said it plans to issue up to RMB 6 billion of corporate bonds. The China Securities Regulatory Commission approved the bonds on Wednesday, according to a notice.

The bonds will be issued in tranches, with the first tranche to be completed within 12 months and the remaining tranches to be completed within 24 months.

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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