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Published on 3/12/2020 in the Prospect News Emerging Markets Daily.

New Issue: China’s Metallurgical sells $400 million perpetual securities

By Sarah Lizee

Olympia, Wash., March 12 – Metallurgical Corp. of China Ltd. unit MCC Holding (Hong Kong) Corp. Ltd. sold $400 million perpetual securities, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

The securities are guaranteed by Metallurgical.

BOC International, DBS Bank Ltd. and Morgan Stanley are joint global coordinators, as well as joint bookrunners and joint lead managers together with Industrial Bank Co. Ltd. Hong Kong Branch, CMB International, ICBC Singapore, ICBC (Macau), Guotai Junan International and China Citi Bank International.

Listing is expected for March 13.

The Beijing-based company operates in engineering, procurement and construction for metallurgical facilities, natural resources exploration, equipment fabrication and property development.

Issuer:MCC Holding (Hong Kong) Corp. Ltd.
Guarantor:Metallurgical Corp. of China Ltd.
Issue:Perpetual securities
Amount:$400 million
Maturity:Perpetual
Bookrunners:BOC International, DBS Bank Ltd., Morgan Stanley (joint global coordinators), Industrial Bank Co. Ltd. Hong Kong Branch, CMB International, ICBC Singapore, ICBC (Macau), Guotai Junan International and China Citi Bank International
Listing date:March 13

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