By Wendy Van Sickle
Columbus, Ohio, Nov. 19 – Yanzhou Coal Mining Co. Ltd. subsidiary Yancoal International Resources Development Co., Ltd. has issued $300 million of 2.9% senior guaranteed bonds due 2024 (Ba1) at par, according to a notice.
Deutsche Bank, CMB International and Haitong International acted as joint global coordinators, joint lead managers and joint bookrunners on the Regulation S deal.
Industrial Bank Co., Ltd. Hong Kong Branch and China International Capital Corp. acted as joint lead managers and joint bookrunners.
Proceeds will be used primarily to refinance debt.
Hong Kong-based Yancoal provides coal exploration, production and distribution services.
| Issuer: | Yancoal International Resources Development Co., Ltd.
|
| Guarantor: | Yanzhou Coal Mining Co. Ltd.
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| Amount: | $300 million
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| Issue: | Senior guaranteed bonds
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| Maturity: | Nov. 18, 2024
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| Bookrunners: | Deutsche Bank, CMB International, Haitong International, Industrial Bank Co., Ltd. Hong Kong Branch and China International Capital Corp.
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| Coupon: | 2.9%
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| Price: | Par
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| Yield: | 2.9%
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| Listing date: | Nov. 18
|
| Rating: | Moody’s: Ba1
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| Distribution: | Regulation S
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| ISIN: | XS2406562301
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