Winsway plans senior notes sale via Deutsche, Merrill, Goldman, ICBC

New York, March 23 - Winsway Coking Coal Holdings Ltd. said it plans to sell dollar-denominated fixed-rate senior notes in an offering in the international markets.

Deutsche Bank AG, Singapore Branch, Merrill Lynch International, Goldman Sachs (Asia) LLC and ICBC International Capital Ltd. will be joint bookrunners.

The debt will be priced under Rule 144A and Regulation S.

Winsway will use 60% of the proceeds to finance investments in rolling stock, other transportation-related vehicles and railway-related infrastructure, 25% finance investments in upstream resources through new acquisitions and/or joint venture projects and to otherwise secure upstream supplies, and 15% for working capital and general corporate purposes.

Winsway is a Hong Kong-based importer of coking coal, particularly from Mongolia.

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